Geofinance between Political and Financial Geographies

Edited by Silvia Grandi, Department of Statistical Sciences ‘Paolo Fortunati’, University of Bologna, Italy, Christian Sellar, Department of Public Policy Leadership, University of Mississippi, US and Juvaria Jafri, Department of International Politics, City, University of London, UK

'In examining the boundaries between political and financial geographies, Grandi, Sellar and Jafri pose important questions about the nature and interrelations of geography, law, science, politics and finance. Their volume represents a rich tapestry that examines the evolution of international financial institutions as well as their social, political and economic ramifications across ''semi-peripheral financial areas''. The emphasis on the complex web of relations between governments, firms and households across under-represented locations deepens the reader's understanding of the intricate flows of finance as they operate across time and place, with a geo-political focus that links power, politics and policy. This is an impressive volume that will speak to academics and practitioners with an interest in financial geography alike.'--Janelle Knox-Hayes, Massachusetts Institute of Technology, US'The contemporary world economy is a financialized one. The editors and authors of this collection are very successful in analysing some of the significant political geographical dimensions of the global and networked finance in semi-peripheries that have hitherto been mostly neglected in English-language scholarship. Founded on extensive empirical materials and laced with cogent conceptual insights, this book is essential reading for anyone interested in the spatialities of finance of the contemporary geopolitical condition.'--Sami Moisio, University of Helsinki, Finland

• Contents:Foreword by Dariusz Wójcik ixIntroduction: theorizing semi-peripheral geographies of finance andbanking 1Christian Sellar, Silvia Grandi and Juvaria Jafri1 Geofinance/banking between political and financial geographies 15Christian Sellar, Silvia Grandi and Juvaria JafriPART I SPATIAL STRUCTURES OF FINANCE ANDBANKING2 The geography of International Financial Institutions: whatcan this tell us? 31Silvia Grandi3 Shadow banking: a geographical interpretation 47Gianfranco Battisti4 Spatial development and offshore financial chains 65Umberto Rosati5 Financial system and urban networks: an empirical analysis ofBrazilian territory 79Fabio Betioli ContelPART II THE STATE–BANK–FIRM NEXUS IN THEFINANCE SEMI-PERIPHERIES6 Italian banks and business services as knowledge pipelines forSMEs: examples from Central and Eastern Europe 91Christian Sellar7 Spatial aspects of the Russian banking system: transformationand access to credit for small Russian firms 120Svetlana Ageeva and Anna Mishura8 Bulgaria’s banking system: outside and inside the financialgeography of Europe 138Elena Stavrova9 Banking reform in Vietnam: persistence of the state? 155Guanie Lim and Thong Tien NguyenPART III MICRO-LEVEL ACTION AND REACTION OFPEOPLE AND FIRMS10 Cross-currency swaps and local credit money creation in theTurkish banking system 176Engin Yılmaz11 Geographical aspects of recent banking crises in Italy 195Marco Percoco12 Shadow financial citizenship and the contradictions offinancial inclusion in Pakistan 213Juvaria JafriIndex 243