Our Latest Thinking

  • Unfinished business: change in the US securities industry since 2008

    – Dariusz Wójcik, Theodor Cojoianu – On 7 March 2017, the eve of International Women’s Day, State Street Global Advisors, the asset management business of State Street Corporation, issued a call to more than 3,500 …
  • Geographical Changes in Influence of Stock Trading Centres around the 2007 Global Financial Crisis

    – Boulis M. Ibrahim, Janusz Brzeszczyński, Arnab Bhattacharjee – The Global Financial Crisis (GFC) of 2007 was a major event and a key milestone in the history of financial markets. Unparalleled in many respects, its …
  • The Geography of Tax Evasion

    – Manuel B. Aalbers – What is it about? Taxation in general and tax evasion in particular are inherently geographical in nature but not a very popular area of research. In this article I present …
  • Geographical limits to arbitrage in the global oil market

    – Michael H. Grote, Matthew Zook, Thomas Heidorn – For more than 30 years, the world’s main indices for oil prices – West Texas Intermediate Crude or WTI (delivered in Cushing, Oklahoma) and Brent Crude …
  • The Increasing Financialization of China’s Urbanization

    – Thierry Theurillat, James H. Lenzer Jr. & Hongyu Zhan – Mainland China is well known for its massive and rampant urban development, looming property bubbles and ghost cities. How has this process of urbanization, …
  • Financial Circuits: Cyclicality, Leakiness and Social Housing Finance in Ireland and Denmark

    – Michael Byrne and Michelle Norris – Denmark and Ireland are both small, open economies and both countries experienced housing bubbles followed by housing and financial busts between the late 1990s and the present day. …
  • Cluster dynamics of financial centres in the United Kingdom: Do connected firms grow faster?

    – Vladimír Pažitka and Dariusz Wójcik – The aftermath of the global financial crisis (GFC) has seen a sharp reduction in employment in financial services in the United Kingdom, shrinking bank balance sheets and reduction …
  • What is Financialization?

    – Manuel B. Aalbers – Many financial geographers use the term “financialization”. But what is financialization? It clearly has to do with finance and the “-ation” part suggests that it is not a state or …
  • What on Earth is Financial Geography?

    —Dariusz Wójcik— Is not financial geography an oxymoron? Why should geographers, naturally interested in travel, outdoors, breathing fresh air while doing fieldwork be interested in money, taxes, assets and liabilities? If you were interested in …
  • The Appleization of Finance: Reflections on the FinTech (R)evolution

    —David Bassens, Reijer Hendrikse and Michiel van Meeteren— “[C]apitalism is a complex, adaptive system which has reached the limits of its capacity to adapt” (Mason 2015: xiii) In his book Postcapitalism (2015), the British journalist …
  • Investment Banking Since 2008: The Geography of Shrinkage and Shift

    —Dariusz Wójcik, Eric Knight, Phillip O’Neill and Vladimír Pažitka— Investment banks have been powerful financial institutions at least since the late 19th century. Their power stems from their role as the key financiers and advisers …
  • Housing and Finance across Space and Time

    —Rodrigo Fernandez— This working paper provides an empirical overview of how housing-centred financialization developed across space and time. This is important because we still lack a comprehensive understanding of the geography of countries experiencing a …