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Cambridge Journal of Regions, Economy and Society Advance Access originally published online on June 9, 2009
Cambridge Journal of Regions, Economy and Society 2009 2(2):245-265; doi:10.1093/cjres/rsp015
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© The Author 2009. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org

This article appears in the following Cambridge Journal of Regions, Economy and Society issue: Spatial Circuits of Global Finance [View the issue table of contents]

The geography of finance: after the storm

Richard O'Brien and Alasdair Keith

Outsights Limited, 209 Business Design Centre, 52 Upper Street, London N1 0QH, UK. richard{at}outsights.co.uk, Alasdair{at}outsights.co.uk


   Abstract

This article reviews the idea that geography is becoming less and less important in finance as a result of the revolution in information and communications technology and of deregulation, in the aftermath of the economic and financial crisis of 2008. Reviewing four scenarios for the future of finance, it seems likely that the drive towards ‘the end of geography’ will be slowed by the crisis, as the wisdom of allowing the marketplace to self-regulate is reconsidered. Future information and communication technology developments may help improve information management, combating one of the features of recent market failure.

Keywords: geography, finance, crisis, regulation, technology

Received on October 31, 2008. Accepted on April 30, 2009.


JEL classifications: F3, F15, F36, G01


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