The agency of reformers in new European financial centres
A historically informed financial geography
Bibliographic Data
| ID | 7774166 |
|---|---|
| Authors | Tom Hashimoto (0000-0001-6534-9375, ISM University of Management and Economics, corresponding author) |
| Year | 2021 |
| Volume | 7 |
| Issue | 1 |
| Pages | 57-75 |
| Publication date | 2021-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Finance and Society (JOURNAL) |
| Journal identifiers | ISSN: 2059-5999 • E-ISSN: 2059-5999 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.2218/finsoc.v7i1.5591 |
| OpenAlex | W3158677014 |
| Language | EN |
| Citations received | 3 |
| References cited | 41 |
While institutional frameworks are the dominant approach to analysing the geography of finance, this article focuses on how individual policymakers influence the characteristics of financial institutions and set, or even alter, financial centre development. The historical narratives from Central and Eastern Europe (CEE) that this article presents reveal postsocialist reformers’ contrasting philosophies and approaches, despite their shared goals of market liberalisation and European integration. These reforms (or lack thereof) differentiated the securities markets in Warsaw, Prague, and Budapest, especially with respect to financial intermediary mechanisms. Although the legacies of such reforms continue to shape an uneven landscape of financial centres in CEE, this article proposes reformer-centred narratives as an alternative to deterministic institutional thinking. The article argues that historical narratives that foreground the actions and ideas of key policymakers need to be included in the observation framework of financial centre development, in a similar way to how scholars analyse foreign policy by focusing on the heads of governments and ministers
Economics · Financial market · Geography of finance · Liberalization · Market economy · Narrative · Political economy · Political science · Social science · Sociology · Banking stability, regulation, efficiency · Global Urban Networks and Dynamics · Housing, Finance, and Neoliberalism · Finance
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Keys to the City
Capitals of Capital
World City Network
FDI and economic growth
The Czech Republic
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Privatization in Central and Eastern Europe
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Old Europe, New Europe and the USA
Regional Development Implications of Foreign Direct Investment in Central Europe
Global cities, glocal states
Current debates in urban theory
The modern world-system
The Czech Presidency
Assemblage urbanism and the challenges of critical urban theory
Stabilization and Growth in Transition Economies
The World City Hypothesis
Neo-Marshallian Nodes in Global Networks
Institutional change in varieties of capitalism
| Citations per year | 0.6 |
|---|---|
| Citation span | 2021 - 2024 (4) |
| Highly cited | No |