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Handbook on the Geographies of Money and Finance
The aim of this timely work, which appears in the wake of the worst global financial crisis since the late 1920s, is to bring together high quality research-based contributions from leading international scholars involved in constructing a geographical perspective on money. Topics covered include the crisis, the spatial circuits of finance, regulation, mainstream financial markets (banking, equity, etc), through to the various ‘alternative’ and ‘disruptive’ forms of money that have arisen in recent years. It will be of interest to geographers, political scientists, sociologists, economists, planners and all those interested in how money shapes and reshapes socio-economic space and conditions local and regional development.
More Information
Critical Acclaim
Contributors
Contents
More Information
Developments in recent decades have led to money and finance assuming unprecedented influence over almost every aspect of economic and social life. Making the case for a geography of money, this multidisciplinary Handbook argues it is necessary to think spatially about the constitution and expressions of money and financial systems in the wake of the 2007–2008 Global Financial Crisis.
High-quality, research-based contributions from leading international scholars illustrate how the operation and regulation of monetary and financial systems both shape and are shaped by local, national and global developments. Examining four key dimensions of this geography, they consider the different spaces of monetary relations and instabilities, how money and finance contribute to geographically uneven economic development, the regulatory spaces of money, and the emergence of alternative forms and circuits of finance outside the established banking system.
Timely and discerning, this book will be of particular importance to geographers, political scientists, sociologists, economists and planners. It will also be of great interest to all those concerned with how money shapes and reshapes socio-economic space, as well as how it conditions local and regional development.
High-quality, research-based contributions from leading international scholars illustrate how the operation and regulation of monetary and financial systems both shape and are shaped by local, national and global developments. Examining four key dimensions of this geography, they consider the different spaces of monetary relations and instabilities, how money and finance contribute to geographically uneven economic development, the regulatory spaces of money, and the emergence of alternative forms and circuits of finance outside the established banking system.
Timely and discerning, this book will be of particular importance to geographers, political scientists, sociologists, economists and planners. It will also be of great interest to all those concerned with how money shapes and reshapes socio-economic space, as well as how it conditions local and regional development.
Critical Acclaim
‘This is an interesting and well-referenced book that contains a lot of useful knowledge about the world’s financial and monetary systems.’
– Gordon F. Mulligan, Economic Development Quarterly
– Gordon F. Mulligan, Economic Development Quarterly
Contributors
Contributors: M.B. Aalbers, D.S. Bieri, D. Bryan, B. Christophers, G.L. Clark, J. Corpateaux, O. Crevoisier, K. Datta, A.D. Dixon, S. Dörry, G.A. Dymski, M. Gray, B. Klagge, J. Knox-Hayes, S. Köppe, G. Marandola, R. Martin, P. North, P. O’Brien, L. Papi, A. Pike, M. Pilkington, J. Pollard, M. Pryke, M. Rafferty, L. Rethel, E. Sarno, B.A. Searle, M. Shabani, T.J. Sinclair, E. Slack, P. Sunley, T. Theurillat, T. Wainwright, D. Wigan, D. Wójcik, G. Yeung, A. Zazzaro, B. Zhang
Contents
Contents:
INTRODUCTION
1. The Geography of Money and Finance
Ron Martin and Jane Pollard
PART I THE CASE FOR A GEOGRAPHY OF MONEY
2. On the Geography of Bubbles and Financial Crises
Gary A. Dymski and Mimoza Shabani
3. The Geographical Political Economy of Money and Finance after the Great Crisis: Beyond ‘Market Discipline’
Brett Christophers
4. The Territorial Governance of the Financial Industry
Jose Corpataux, Olivier Crevoisier and Thierry Theurillat
5. The Map and the Territory: Exploring Capital’s New Financialised Spatialities
Dick Bryan, Mike Rafferty and Duncan Wigan
6. ‘This Time it’s Different’… and Why it Matters: The Shifting Geographies of Money, Finance and Risks
Michael Pryke
PART II MONEY, THE SPATIAL ORGANIZATION OF FINANCIAL SYSTEMS AND UNEVEN GEOGRAPHICAL DEVELOPMENT
7. The Spatial Structure of the Financial System and the Funding of Regional Business: A Comparison of Britain and Germany
Britta Klagge, Ron Martin and Peter Sunley
8. The Geographical Network of Bank Organizations: Issues and Evidence for Italy
Luca Papi, Emma Sarno and Alberto Zazzaro
9. Innovation and Stock Markets: International Evidence on Manufacturing and Services
Dariusz Wójcik
10. The Financialisation and Governance of Infrastructure
Peter O’Brien and Andy Pike
11. The Geography of Local Public Finance
Enid Slack
12. The State as Institutional Investor: Unpacking the Geographical Political Economy of Sovereign Wealth Funds
Adam D. Dixon
13. Geographies of Mortgage Markets
Manuel B. Aalbers
14. Geographies of Assets and Debt
Beverley A. Searle and Stephan Köppe
15. The Financial Legacy of Pension Fund Capitalism
Gordon L. Clark
PART III SPACES OF FINANCIAL AND MONETARY REGULATION
16. Regulatory Space and the Flow of Funds across the Hierarchy of Money
David S. Bieri
17. Regulatory Spaces in Global Finance
Sabine Dörry
18. Emerging Onshore-Offshore Services: The Case of Asset-Backed Finance Markets in Europe
Thomas Wainwright
19. Banking Reform in China: A Balancing Act between Financial Viability and Financial Security
Godfrey Yeung
20. Credit Rating Agencies are Poorly Understood and the Rules Developed for Them Will Not Work
Ginevra Marandola and Timothy J. Sinclair
PART IV NEW AND EMERGING MONEY SPACES
21. Alternative Circuits of Capital: Parallel Economies of Environmental Finance
Janelle Knox Hayes
22. Geographies of Alternative, Complimentary and Community Currencies
Peter North
23. ‘Mainstreaming; the Alternative’; The Financialisation of Transnational Migrant Remittances
Kavita Datta
24. The Imaginary Landscapes of Islamic Finance and the Global Financial Crisis
Lena Rethel
25. Crowdfunding: Understanding Diversity
Mia Gray and Bryan Zhang
26. Bitcoin through the Lens of Complexity Theory
Marc Pilkington
Index
INTRODUCTION
1. The Geography of Money and Finance
Ron Martin and Jane Pollard
PART I THE CASE FOR A GEOGRAPHY OF MONEY
2. On the Geography of Bubbles and Financial Crises
Gary A. Dymski and Mimoza Shabani
3. The Geographical Political Economy of Money and Finance after the Great Crisis: Beyond ‘Market Discipline’
Brett Christophers
4. The Territorial Governance of the Financial Industry
Jose Corpataux, Olivier Crevoisier and Thierry Theurillat
5. The Map and the Territory: Exploring Capital’s New Financialised Spatialities
Dick Bryan, Mike Rafferty and Duncan Wigan
6. ‘This Time it’s Different’… and Why it Matters: The Shifting Geographies of Money, Finance and Risks
Michael Pryke
PART II MONEY, THE SPATIAL ORGANIZATION OF FINANCIAL SYSTEMS AND UNEVEN GEOGRAPHICAL DEVELOPMENT
7. The Spatial Structure of the Financial System and the Funding of Regional Business: A Comparison of Britain and Germany
Britta Klagge, Ron Martin and Peter Sunley
8. The Geographical Network of Bank Organizations: Issues and Evidence for Italy
Luca Papi, Emma Sarno and Alberto Zazzaro
9. Innovation and Stock Markets: International Evidence on Manufacturing and Services
Dariusz Wójcik
10. The Financialisation and Governance of Infrastructure
Peter O’Brien and Andy Pike
11. The Geography of Local Public Finance
Enid Slack
12. The State as Institutional Investor: Unpacking the Geographical Political Economy of Sovereign Wealth Funds
Adam D. Dixon
13. Geographies of Mortgage Markets
Manuel B. Aalbers
14. Geographies of Assets and Debt
Beverley A. Searle and Stephan Köppe
15. The Financial Legacy of Pension Fund Capitalism
Gordon L. Clark
PART III SPACES OF FINANCIAL AND MONETARY REGULATION
16. Regulatory Space and the Flow of Funds across the Hierarchy of Money
David S. Bieri
17. Regulatory Spaces in Global Finance
Sabine Dörry
18. Emerging Onshore-Offshore Services: The Case of Asset-Backed Finance Markets in Europe
Thomas Wainwright
19. Banking Reform in China: A Balancing Act between Financial Viability and Financial Security
Godfrey Yeung
20. Credit Rating Agencies are Poorly Understood and the Rules Developed for Them Will Not Work
Ginevra Marandola and Timothy J. Sinclair
PART IV NEW AND EMERGING MONEY SPACES
21. Alternative Circuits of Capital: Parallel Economies of Environmental Finance
Janelle Knox Hayes
22. Geographies of Alternative, Complimentary and Community Currencies
Peter North
23. ‘Mainstreaming; the Alternative’; The Financialisation of Transnational Migrant Remittances
Kavita Datta
24. The Imaginary Landscapes of Islamic Finance and the Global Financial Crisis
Lena Rethel
25. Crowdfunding: Understanding Diversity
Mia Gray and Bryan Zhang
26. Bitcoin through the Lens of Complexity Theory
Marc Pilkington
Index
