ABSTRACT

This handbook is a comprehensive and up to date work of reference that offers a survey of the state of financial geography. With Brexit, a global recession triggered by the COVID-19 pandemic, as well as new financial technology threatening and promising to revolutionize finance, the map of the financial world is in a state of transformation, with major implications for development.

With these developments in the background, this handbook builds on this unprecedented momentum and responds to these epochal challenges, offering a comprehensive guide to financial geography. Financial geography is concerned with the study of money and finance in space and time, and their impacts on economy, society and nature. The book consists of 29 chapters organized in six sections: theoretical perspectives on financial geography, financial assets and markets, investors, intermediation, regulation and governance, and finance, development and the environment. Each chapter provides a balanced overview of current knowledge, identifying issues and discussing relevant debates. Written in an analytical and engaging style by authors based on six continents from a wide range of disciplines, the work also offers reflections on where the research agenda is likely to advance in the future.

The book’s key audience will primarily be students and researchers in geography, urban studies, global studies and planning, more or less familiar with financial geography, who seek access to a state-of-the art survey of this area. It will also be useful for students and researchers in other disciplines, such as finance and economics, history, sociology, anthropology, politics, business studies, environmental studies and other social sciences, who seek convenient access to financial geography as a new and relatively unfamiliar area. Finally, it will be a valuable resource for practitioners in the public and private sector, including business consultants and policy-makers, who look for alternative approaches to understanding money and finance.

chapter 1|21 pages

Introduction

ByJanelle Knox-Hayes, Dariusz Wójcik

part Part I|119 pages

Theoretical Perspectives in Financial Geography

chapter 2|31 pages

Financial and Business Services

A Guide for the Perplexed
ByDariusz Wójcik

chapter 3|28 pages

Foundations of Marxist Financial Geography

ByPatrick Bond

chapter 4|19 pages

Cultural Economy of Finance

BySarah Hall

chapter 5|19 pages

Beyond (De)Regulation

Law and the Production of Financial Geographies
ByShaina Potts

chapter 6|20 pages

Financial Ecosystems and Ecologies

ByAndrew Leyshon

part Part II|118 pages

Financial Assets and Markets

chapter 7|21 pages

From Cowry Shells to Cryptos

Evolving Geographies of Currency
ByMatthew Zook

chapter 8|23 pages

The Geography of Global Stock Markets and Overseas Listings

ByFenghua Pan

chapter 9|19 pages

Housing under the Empire of Finance1

ByRaquel Rolnik

chapter 10|24 pages

Commodities

ByStefan Ouma, Tobias J. Klinge

chapter 11|29 pages

Infrastructure

The Harmonization of an Asset Class and Implications for Local Governance
ByGabriella Y. Carolini, Isadora Cruxên

part Part III|116 pages

Investors

chapter 12|23 pages

Long-Term Investment Management

The Principal–Agent Problem and Metrics of Performance
ByGordon L. Clark, Ashby H.B. Monk

chapter 13|22 pages

Knowledge, Experience, and Financial Decision-Making

ByGordon L. Clark

chapter 14|20 pages

Household Finance

ByChristopher Harker, Johnna Montgomerie

chapter 15|24 pages

Impact Investors

The Ethical Financialization of Development, Society and Nature
ByPaul Langley

chapter 16|25 pages

The Foundations of Development Banking

A Critical Review
ByAniket Shah

part Part IV|81 pages

Intermediation

chapter 17|21 pages

Banks and Credit

ByLindsey Appleyard

chapter 18|21 pages

Insurance, and the Prospects of Insurability

ByKate Booth

chapter 19|19 pages

Unbundling Value Chains in Finance

Offshore Labor and the Geographies of Finance
ByJana M. Kleibert

chapter 20|18 pages

FinTech

The Dis/Re-Intermediation of Finance?
ByKaren P.Y. Lai

part Part V|125 pages

Regulation and Governance

chapter 21|22 pages

Legal Foundations of Finance

ByKatharina Pistor

chapter 22|27 pages

Central Banks and the Governance of Monetary Space

ByDavid S. Bieri

chapter 23|22 pages

Financial Geography, Imbalances and Crises

Excavating the Spatial Dimensions of Asymmetric Power
ByGary Dymski

chapter 24|20 pages

Credit Rating Agencies in the Era of Neoliberal Capitalism

ByStefanos Ioannou

part Part VI|103 pages

Finance, Development and the Environment

chapter 26|33 pages

Finance and Development in Sub-Saharan Africa

BySusan Newman

chapter 27|26 pages

The Renewable Energy Revolution

Risk, Investor and Financing Structures—with Case Studies from Germany and Kenya
ByBritta Klagge

chapter 28|21 pages

Finance and Climate Change

ByPatrick Bigger, Wim Carton

chapter 29|21 pages

Environmental Sustainability and Finance

ByJanelle Knox-Hayes, Jungwoo Chun, Priyanka deSouza