Rethinking international financial centres through the politics of territory: Renminbi internationalisation in London’s financial district
This paper revisits canonical thinking on international financial centres (IFCs) that understands them as being primarily sustained through: market liquidity; economies of competition and cooperation between financial and related professional services; and acting as interpretative nodes within globa...
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| Format: | Article |
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Wiley
2016
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| Online Access: | https://eprints.nottingham.ac.uk/39197/ |
| _version_ | 1848795785808838656 |
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| author | Hall, Sarah |
| author_facet | Hall, Sarah |
| author_sort | Hall, Sarah |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This paper revisits canonical thinking on international financial centres (IFCs) that understands them as being primarily sustained through: market liquidity; economies of competition and cooperation between financial and related professional services; and acting as interpretative nodes within global finance. In contrast, I explore the implications of foregrounding questions of power and politics in the (re)production of IFCs. Drawing on the case of the development of offshore renminbi markets in London’s financial district, I argue the state plays a vital, yet comparatively neglected, role in shaping the development and changing nature of international financial centres. In so doing, the paper calls for work in economic geography and cognate social sciences to understand finance as a political as well as an economic, social and cultural relation. |
| first_indexed | 2025-11-14T19:37:37Z |
| format | Article |
| id | nottingham-39197 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:37:37Z |
| publishDate | 2016 |
| publisher | Wiley |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-391972020-05-04T18:21:00Z https://eprints.nottingham.ac.uk/39197/ Rethinking international financial centres through the politics of territory: Renminbi internationalisation in London’s financial district Hall, Sarah This paper revisits canonical thinking on international financial centres (IFCs) that understands them as being primarily sustained through: market liquidity; economies of competition and cooperation between financial and related professional services; and acting as interpretative nodes within global finance. In contrast, I explore the implications of foregrounding questions of power and politics in the (re)production of IFCs. Drawing on the case of the development of offshore renminbi markets in London’s financial district, I argue the state plays a vital, yet comparatively neglected, role in shaping the development and changing nature of international financial centres. In so doing, the paper calls for work in economic geography and cognate social sciences to understand finance as a political as well as an economic, social and cultural relation. Wiley 2016-11-15 Article PeerReviewed Hall, Sarah (2016) Rethinking international financial centres through the politics of territory: Renminbi internationalisation in London’s financial district. Transactions of the Institute of British Geographers . ISSN 1475-5661 (In Press) Renminbi internationalisation City of London international financial centres regulation territorial fix offshore finance |
| spellingShingle | Renminbi internationalisation City of London international financial centres regulation territorial fix offshore finance Hall, Sarah Rethinking international financial centres through the politics of territory: Renminbi internationalisation in London’s financial district |
| title | Rethinking international financial centres through the politics of territory: Renminbi internationalisation in London’s financial district |
| title_full | Rethinking international financial centres through the politics of territory: Renminbi internationalisation in London’s financial district |
| title_fullStr | Rethinking international financial centres through the politics of territory: Renminbi internationalisation in London’s financial district |
| title_full_unstemmed | Rethinking international financial centres through the politics of territory: Renminbi internationalisation in London’s financial district |
| title_short | Rethinking international financial centres through the politics of territory: Renminbi internationalisation in London’s financial district |
| title_sort | rethinking international financial centres through the politics of territory: renminbi internationalisation in london’s financial district |
| topic | Renminbi internationalisation City of London international financial centres regulation territorial fix offshore finance |
| url | https://eprints.nottingham.ac.uk/39197/ |