Does spatial concentration of the Russian banking sector hinder lending to peripheral regions and SMEs?

– Svetlana Ageeva and Anna Mishura – For Russia, the geographical unevenness in the financial development is obvious. There are marked political and institutional reasons for Moscow’s dominance. Nevertheless, the spatial transformation of the Russian banking system can be considered from the point of view of regularities and trends revealed in contemporary international financial geography. […]

Continue reading

Reversing neoliberal subjectification. Practicing collective dis-identification and putting life in common

– Cesare Di Feliciantonio – In the last decades homeownership has been increasingly promoted by policy-makers, buying a house seen as an investment for the future under shrinking welfare systems, for instance as a replacement of pensions. This ideology, built upon the idea of people as financial actors, i.e. rational investors willing to maximize their […]

Continue reading

Algorithms and the Anthropocene – Finance, Sustainability and the Promise and Hazards of New Financial Technologies

– Thomas Skou Grindsted – Since the global financial crises (2007-2009), we have experienced one big crash with a temporality of years and months, weeks and days. We have also experienced around ten crises in minutes, hundreds of crises in seconds, and thousands of crises in microseconds. For this reason, we experience turbulent financial worlds […]

Continue reading

International Financial Centres After the Global Financial Crisis and Brexit

– Dariusz Wójcik – It has been ten years since the collapse of Lehman Brothers unleashed panic in financial markets, marking the eruption of the global financial crisis that wreaked havoc to economies and societies around the world. An industry of books has emerged, analyzing the causes, mechanisms and consequences of this calamity. The main protagonists […]

Continue reading

Impact investing in Pakistan: The role of private debt and shadow banking in financing development

– Juvaria Jafri – Philanthrocapitalism rests on the notion that philanthropy can be more successful when it is more like business. This view is an invitation to global financial capital to chase more than just profit, and to also seek social and environmental goals, particularly to address the challenges of global poverty and climate change. The […]

Continue reading

Book Launch: International Financial Centres after the Global Financial Crisis and Brexit

Edited by Youssef Cassis and Dariusz Wójcik Monday 17th of September, 4.30pm – 7pm10-11 Carlton House Terrace, St. James’s, London SW1Y 5AH, UK Book description:As well as marking the tenth anniversary of the collapse of Lehman Brothers and the consequent unleashing of the global financial crisis, 2018 is also the year of negotiations on the […]

Continue reading

Philanthro-capitalism, social enterprises, and global development

– Dennis Stolz and Karen P.Y. Lai – While the 2008 global financial crisis created financial meltdown as well as socio-economic crisis of unprecedented scale, the super-rich capitalist class is also using financial logics and instruments in philanthropy as a vehicle to soothe critics of global finance. With a new profit-oriented model of philanthropy, ultra-wealthy […]

Continue reading

Creating institutional power in financialised economies: The firm-profession nexus of advanced business services

– Sabine Dörry – Despite major crises, financial capitalism is enjoying a period of relative stability. Financial powers – underpinned by the financialisation imperative of the 21st-century capitalist order – are robust and dynamically reinforce the global system’s principal traits and values. The advanced business services (ABS) sector ties in closely with these dynamics and […]

Continue reading

Financialising the State: Recent developments in fiscal and monetary policy

– Ewa Karwowski, Marcos Centurion-Vicencio – The financialisation of the state is widely assumed but rarely analysed in detail. After all it is rather difficult to imagine that “the role of financial motives, financial markets, financial actors and financial institutions” (Epstein 2005: 3) can increase in importance without at least some support from public policy […]

Continue reading

The geographies of financial activities within an emerging international financial center: the case of Beijing

– Fenghua Pan, Sarah Hall, Hua Zhang – Despite Beijing being the well-known political center of China, its reputation as an international financial center (IFC) lags behind that of Shanghai. In the past decade, the financial sector in Beijing has experienced unprecedented growth and Beijing has strengthened its competitiveness as a financial center. This paper […]

Continue reading