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Circulating financial innovation: new knowledge and securitization in Europe

Circulating financial innovation: new knowledge and securitization in Europe
Circulating financial innovation: new knowledge and securitization in Europe
Research in economic geography has provided a critical examination of securitization’s role in the recent global financial crisis. Building on earlier studies which interrogated the development of US securitization, contemporary research has explored how securitization has been adopted in different political economies. Although these novel studies have begun to highlight the geographies of securitization, our knowledge of the historical spread of securitization remains underdeveloped. This paper seeks to address this issue by exploring how securitization emerged within different European financial spaces. In doing so, the paper examines the cases of France, Spain and Italy to identify how securitization circulated through space and across communities of practice, facilitating the co-creation of new knowledges. The paper provides deeper insight into how securitization became established within European financial centres throughout the 1990s, shaping contemporary financial networks and the spread of the credit crunch.
securitization, communities of practice, financial geographies, innovation, financial networks
0308-518X
1643-1660
Wainwright, T.
b3ed7db0-1679-4068-8241-744328946468
Wainwright, T.
b3ed7db0-1679-4068-8241-744328946468

Wainwright, T. (2015) Circulating financial innovation: new knowledge and securitization in Europe. Environment and Planning A, 47 (8), 1643-1660. (doi:10.1177/0308518X15605402).

Record type: Article

Abstract

Research in economic geography has provided a critical examination of securitization’s role in the recent global financial crisis. Building on earlier studies which interrogated the development of US securitization, contemporary research has explored how securitization has been adopted in different political economies. Although these novel studies have begun to highlight the geographies of securitization, our knowledge of the historical spread of securitization remains underdeveloped. This paper seeks to address this issue by exploring how securitization emerged within different European financial spaces. In doing so, the paper examines the cases of France, Spain and Italy to identify how securitization circulated through space and across communities of practice, facilitating the co-creation of new knowledges. The paper provides deeper insight into how securitization became established within European financial centres throughout the 1990s, shaping contemporary financial networks and the spread of the credit crunch.

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Accepted/In Press date: 13 February 2015
e-pub ahead of print date: 1 August 2015
Keywords: securitization, communities of practice, financial geographies, innovation, financial networks
Organisations: Centre for Innovation & Enterprise

Identifiers

Local EPrints ID: 374726
URI: http://eprints.soton.ac.uk/id/eprint/374726
ISSN: 0308-518X
PURE UUID: 270fb3d9-183a-4d89-96fe-08b9289bb3a0

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Date deposited: 27 Feb 2015 09:01
Last modified: 30 Sep 2019 18:52

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