Regulating the Geographies of Market Making

Offshore Renminbi Markets in London's International Financial District

Bibliographic Data

ID4824907
AuthorsSarah Hall (0000-0001-5563-5909, School of Geography University of Nottingham, University Park, Nottingham NG72RD UK, corresponding author)
Year2018
Volume94
Issue3
Pages259-278
Publication date2018-05-27
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueEconomic Geography (JOURNAL)
Journal identifiersISSN: 0013-0095 • E-ISSN: 1944-8287
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00130095.2017.1304806
OpenAlexW2593468677
LanguageEN
Citations received19
References cited56

In this article, I develop a sympathetic critique of cultural economy approaches to market making, arguing that the spatial imaginations deployed in this work remain comparatively limited. Drawing on the emerging dialogue between cultural economy and heterodox political economy approaches to money and finance, the article argues that a focus on regulation provides a valuable way of developing new understandings of the geographies of market making beyond cultural economy’s extant reading of space as context, particularly in the form of the financial trading room. Through an original case study of the making of offshore renminbi markets in London’s financial district, the analysis conceptualizes regulation as both a hitherto overlooked relational component of market making and as a set of practices that coconstitute the territoriality of markets. I demonstrate how regulatory changes made in Beijing and London are important in understanding both the growth and potential limitations of London as an offshore renminbi center. This has significant implications empirically, for the wider project of renminbi internationalization, and theoretically, in terms of understanding the geographies of market making

Context (archaeology) · Economics · Economy · Financial market · International trade · Internationalization · Renminbi · Art History and Market Analysis · Cultural Industries and Urban Development · Finance · Housing, Finance, and Neoliberalism

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Open DOISci-HubOpen Access