Financial market actors as urban policy-makers
The case of real estate investment trusts in Brazil
Bibliographic Data
| ID | 11670444 |
|---|---|
| Authors | Daniel Sanfelici (0000-0002-8292-5503, Universidade Federal Fluminense, corresponding author), Ludovic Halbert (0000-0002-3681-620X, Paris-Est Sup) |
| Year | 2018 |
| Volume | 40 |
| Issue | 1 |
| Pages | 83-103 |
| Publication date | 2018-07-23 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Urban Geography (JOURNAL) |
| Journal identifiers | ISSN: 0272-3638 • E-ISSN: 1938-2847 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/02723638.2018.1500246 |
| OpenAlex | W2884274798 |
| Language | EN |
| Citations received | 60 |
| References cited | 43 |
Focusing on the growth of Real Estate Investment Trusts in Brazil, the paper explores how financializing policy instruments intertwine financial markets and the urban built environment. It studies the career of REITs and questions the role of financial market capital and actors in urban dynamics. The paper uncovers three processes usually considered separately: i) how a network of public and private financial market actors coaxes state bodies into using their regulatory powers and financial resources to transform real estate into an asset class; ii) how the government-run financial market authority and banks lure urban households into liquid real estate through marketing and education campaigns; and iii) how asset managers are “applied economic geographers” insofar as they channel households’ capital into a selected cities and properties. The active role played by financial actors in the design, enhancement and implementation of such a policy instrument leads us to conclude on their role as urban policy-makers
Business · Estate · Investment (military · Political science · Real estate · Real estate development · Real estate investment trust · Banking stability, regulation, efficiency · Housing Market and Economics · Housing, Finance, and Neoliberalism · Finance
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Hacia la financiarización de la vivienda en Colombia
Edição Completa
Sport mega-event fantasies to financialization
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O e-commerce e os fundos imobiliários logísticos
End-to-end real estate financialization
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The restless urban landscape of housing financialization
Capital and conscience
The empire strikes back
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The long shadow of the state
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The Illusion of Flexibility
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The invisible hand of the shareholding state
Towards a relational and comparative rather than a contrastive global housing studies
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Forging Glocal Governance? Urban Infrastructures as Networked Financial Products
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| Unique citing works | 60 |
|---|---|
| Citations per year | 7,5 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 58 |