Abstract

http://ssrn.com/abstract=1429246
 


 



The Global Financial Customer and the Spatiality of Exclusion after the ‘End of Geography’


Gary Dymski


University of California, Riverside - Department of Economics

July 2009

Cambridge Journal of Regions, Economy and Society, Vol. 2, No. 2, pp. 267-285, 2009

Abstract:     
This paper evaluates O'Brien's assertion that freer global financial flows and movement will eliminate the significance of geography for financial processes because enhanced global choice will create the global financial customer. We argue here, contra O'Brien, that expanded global choice in finance has contributed to the widening global income/wealth divide, both in the global North and the global South. Financial globalization has not made geography immaterial: instead, spatial location, informed by each area's historical and institutional background, continues to demarcate who has access to which financial services at what price. The US subprime crisis demonstrates dramatically that vulnerability to economically devastating financial crises varies dramatically across space at the national and sub-national levels.

Keywords: financial globalization, end of geography, banking, financial crisis, financial exclusion, subprime lending

JEL Classification: E59, F34, G01, N20

Accepted Paper Series


Not Available For Download

Date posted: July 4, 2009  

Suggested Citation

Dymski, Gary, The Global Financial Customer and the Spatiality of Exclusion after the ‘End of Geography’ (July 2009). Cambridge Journal of Regions, Economy and Society, Vol. 2, Issue 2, pp. 267-285, 2009. Available at SSRN: http://ssrn.com/abstract=1429246 or http://dx.doi.org/10.1093/cjres/rsp011

Contact Information

Gary A. Dymski (Contact Author)
University of California, Riverside - Department of Economics ( email )
900 University Avenue
4136 Sproul Hall
Riverside, CA 92521
United States
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