The Lehman Minibonds Crisis and Financialisation of Investor Subjects in Singapore

Lai, Karen P.Y. (2013), ‘The Lehman Minibonds crisis and financialisation of investor subjects in Singapore, Area, Vol. 45, No. 3, pp. 273-282

22 Pages Posted: 4 May 2013 Last revised: 20 Apr 2016

See all articles by Karen Lai

Karen Lai

National University of Singapore (NUS) - Department of Geography

Date Written: March 15, 2013

Abstract

Using the case of the Lehman Minibonds crisis in Singapore, this paper aims to elucidate processes of financialisation and geographies of investor subjects by investigating the reshaping of retail banking consumers into investor subjects. Instead of painting all investor subjects with a broad brush as part of a generic financialisation process, the Minibonds crisis demonstrates how the consumption of financial products is geographically specific and moderated by local factors, such that financial subjects are incorporated unevenly into global financial markets. Greater geographical sensitivity is therefore needed to tease out how distinctive groupings or ecologies of financial knowledge, practices and subjectivities emerge in different places with uneven connectivity and unequal material outcomes. The paper concludes by discussing the incomplete and contingent nature of subject formation and implications for understanding neoliberal subjectivities.

Keywords: Financialisation, financial crisis, financial subjects, investors, Minibonds, Singapore

JEL Classification: G10, G20, G21, R20, O16

Suggested Citation

Lai, Karen, The Lehman Minibonds Crisis and Financialisation of Investor Subjects in Singapore (March 15, 2013). Lai, Karen P.Y. (2013), ‘The Lehman Minibonds crisis and financialisation of investor subjects in Singapore, Area, Vol. 45, No. 3, pp. 273-282 . Available at SSRN: https://ssrn.com/abstract=2260127 or http://dx.doi.org/10.2139/ssrn.2260127

Karen Lai (Contact Author)

National University of Singapore (NUS) - Department of Geography ( email )

1 Arts Link
Singapore, 117570
Singapore

HOME PAGE: http://www.karenlai.wordpress.com

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