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Book Cover for: Respatialising Finance: Power, Politics and Offshore Renminbi Market Making in London, Sarah Hall

Respatialising Finance: Power, Politics and Offshore Renminbi Market Making in London

Sarah Hall

RESPATIALISING FINANCE

'In Respatialising Finance Sarah Hall uses the internationalisation of the Chinese Renminbi (RMB) to work through a sympathetic conceptual and empirical critique of prevailing analyses of International Financial Centres (IFCs). Her conceptual (re)framing stresses the politics, institutions and economics of IFCs and will be essential reading for all social scientists interested in the dynamism of contemporary finance and financial centres.'

Professor Jane Pollard, Centre for Urban and Regional Development Studies (CURDS), Newcastle University, UK

'Through detailed study of Chinese RMB internationalisation and combining analytical insights from economic geography, sociology, and international political economy, Sarah Hall shows why offshore networks anchored in territories such as the City of London are both core to global monetary and financial landscapes, and provide a key terrain for state power and politics.'

Professor Paul Langley, Department of Geography, Durham University, UK

Respatialising Finance is one of the first detailed empirical studies of how and why London became the leading western financial centre within the wider Chinese economic and political project of internationalising its currency, the renminbi (RMB). This in-depth volume examines how political authorities in both London and Beijing identified the potential value of London's international financial centre in facilitating and legitimising RMB internationalisation, and how they sought to operationalise this potential through a range of market-making activities.

The text features original data from on-the-ground research in London and Beijing conducted with financial and legal professionals working in RMB markets and offers an original theoretical approach that brings economic geography into closer dialogue with international political economy. Recent work on territory illustrates how financial centres are not simply containers and facilitators of global financial flows - rather they serve as territorial fixes within the dynamic and crisis-prone nature of global finance.

Book Details

  • Publisher: Wiley
  • Publish Date: Apr 19th, 2021
  • Pages: 192
  • Language: English
  • Edition: undefined - undefined
  • Dimensions: 9.00in - 6.00in - 0.50in - 0.93lb
  • EAN: 9781119385486
  • Categories: Earth Sciences - GeographyForeign Exchange

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About the Author

Sarah Hall, PhD, is Professor of Economic Geography at the University of Nottingham, UK. Her research focuses on London's international financial district and its relations with North America, Europe, and China. Her work has been published in a number of leading academic journals and the media. Professor Hall is the author of Global Finance, joint Editor-in-Chief of the journal Geoforum, and a Senior Fellow with UK in a Changing Europe. She previously held a British Academy Mid-Career Fellowship.

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