Finance’s outsiders?: networks, knowledge, and power beyond the City
Finance’s outsiders?: networks, knowledge, and power beyond the City
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.
1041-1058
Wainwright, T.
b3ed7db0-1679-4068-8241-744328946468
24 January 2013
Wainwright, T.
b3ed7db0-1679-4068-8241-744328946468
Wainwright, T.
(2013)
Finance’s outsiders?: networks, knowledge, and power beyond the City.
Journal of Economic Geography, 13 (6), .
(doi:10.1093/jeg/lbs051).
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.
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Published date: 24 January 2013
Organisations:
Strategy, Innovation & Entrepreneurship
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Local EPrints ID: 345077
URI: http://eprints.soton.ac.uk/id/eprint/345077
ISSN: 1468-2702
PURE UUID: 89cadd00-b8ef-49c7-a0b1-d1a46833a4b6
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Date deposited: 09 Nov 2012 14:21
Last modified: 14 Mar 2024 12:20
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Author:
T. Wainwright
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