Financial geography I: The state-finance nexus

Lai, Karen PY

doi:10.1177/03091325231170756

Financial geography I: The state-finance nexus

Lai, Karen PY

Authors

Dr Karen Lai karen.lai@durham.ac.uk
Associate Professor

Abstract

In the first of my reports on financial geography, I focus on a growing body of work that engages with the state as a vital and strategic actor in financial markets and in the global economy. After the 2008 global financial crisis, austerity measures and impacts on public finance have reshaped local-central government relationships with increasing use of financial instruments and market solutions. The growing prominence of sovereign wealth funds, shifting roles of national development banks and central banks, and impacts of currency internationalisation are raising questions about new forms of financial statecraft and opportunities for changing configurations of global hegemony. Taken together, a renewed engagement with a political economic lens and focus on state-finance relations illuminate the changing positionalities of economies and financial actors in the spatial organisation of international financial and monetary relations.

Citation

Lai, K. P. (2023). Financial geography I: The state-finance nexus. Progress in Human Geography, https://doi.org/10.1177/03091325231170756

Journal Article Type	Article
Acceptance Date	Apr 2, 2023
Online Publication Date	Apr 20, 2023
Publication Date	2023
Deposit Date	May 16, 2023
Publicly Available Date	May 16, 2023
Journal	Progress in Human Geography
Print ISSN	0309-1325
Electronic ISSN	1477-0288
Publisher	SAGE Publications
Peer Reviewed	Peer Reviewed
DOI	https://doi.org/10.1177/03091325231170756
Public URL	https://durham-repository.worktribe.com/output/1175103

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