The geography of finance: after the storm

Richard O'Brien and Alasdair Keith

Cambridge Journal of Regions, Economy and Society, 2009, vol. 2, issue 2, 245-265

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. Copyright 2009, Oxford University Press.

Date: 2009
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Cambridge Journal of Regions, Economy and Society is currently edited by Judith Clifton, Anna Davies, Betsy Donald, Emil Evenhuis, Stefania Fiorentino (Associate Editor), Harry Garretsen, Meric Gertler, Amy Glasmeier, Mia Gray, Robert Hassink, Dieter Kogler, Michael Kitson, Linda Lobao, Charles van Marrewijk, Ron Martin, Peter Sunley, Peter Tyler and Chun Yang

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