Finance’s outsiders?: networks, knowledge, and power beyond the City


Wainwright, T. (2013) Finance’s outsiders?: networks, knowledge, and power beyond the City. Journal of Economic Geography, 13, (6), 1041-1058. (doi:10.1093/jeg/lbs051).

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Description/Abstract

Contemporary research on the credit crunch has often been framed through global narratives. Although these studies recognize the spread of the US subprime crisis to different nation-states, research by geographers and social scientists which explicitly examine how the crisis unfolded at different spatial scales has been limited. This article seeks to provide new insight into how regional financial spaces became connected to global financial networks. Specifically, this article investigates the deepening of relations between ‘peripheral’ and global spaces, through the social production and securitization of residential mortgages. It argues that the formation of new powerful communities of practice and the development of project ecologies to securitize mortgages enabled the cultivation of temporal trans-local relationships, exposing British mortgage lenders to the credit crunch.

Item Type: Article
ISSNs: 1468-2702 (print)
1468-2710 (electronic)
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Business and Law > Southampton Management School > Strategy & Innovation
ePrint ID: 345077
Date Deposited: 09 Nov 2012 14:21
Last Modified: 27 Mar 2014 20:27
URI: http://eprints.soton.ac.uk/id/eprint/345077

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