uu.seUppsala University Publications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Putting financialisation in its financial context: Transformations in local government-led urban development in post-financial crisis England
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Social and Economic Geography.
2019 (English)In: Transactions of the Institute of British Geographers, ISSN 0020-2754, E-ISSN 1475-5661, Vol. 44, no 3, p. 571-586Article in journal (Refereed) Published
Abstract [en]

The burgeoning geographical literature on the financialisation of urban development has focused predominantly on the growing importance within this sphere of financial markets, motives, and institutions. This article starts from the observation that in examining such financialisation, scholars have paid insufficient attention to the details of the financial contexts within which it takes place. Through a consideration of certain high-profile ongoing transformations in the property strategies of English local authorities, the article argues that we need to put urban financialisation - in this case, state-led variants thereof - in its financial context: it needs to be understood as a response, at least in part, to specific financial conjunctures. After several decades of effective withdrawal, many local authorities have assumed a resurgent role in urban property ownership and development in recent years, and especially since the global financial crisis. This resurgence is apparent, albeit selectively, in regard to both commercial and residential property. On the one hand, local authorities have been rebuilding portfolios of investment (i.e., non-operational) commercial property; on the other hand, they have been building new homes, typically not for social rent, through arms-length housing companies. I argue that understanding these trends requires appreciation of local authorities' particular financial circumstances in the "post-crisis" era - their operation at the intersection of devolved austerity, reformed housing finance, and unconventional monetary policy - and of the constraints and opportunities that these circumstances shape.

Place, publisher, year, edition, pages
WILEY , 2019. Vol. 44, no 3, p. 571-586
Keywords [en]
England, financial crisis, financialisation, housing, local government, urban development
National Category
Business Administration Human Geography
Identifiers
URN: urn:nbn:se:uu:diva-393328DOI: 10.1111/tran.12305ISI: 000478642600014OAI: oai:DiVA.org:uu-393328DiVA, id: diva2:1355373
Available from: 2019-09-27 Created: 2019-09-27 Last updated: 2019-09-27Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full text

Authority records BETA

Christophers, Brett

Search in DiVA

By author/editor
Christophers, Brett
By organisation
Department of Social and Economic Geography
In the same journal
Transactions of the Institute of British Geographers
Business AdministrationHuman Geography

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 15 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf