Reflections on the power in and the power of financial markets

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2 Citations (Scopus)


Finance is a core component of capitalist market economies and is pervasive in many aspects of daily life. With increasing global integration of financial markets across and within countries, financial markets are increasingly able to price history and geography, leaving almost no country or industry untouched. This chapter unpacks the power of financial markets to effect political-economic change, and the tendency of power to concentrate within financial markets and the financial services industry due to spatial and informational asymmetries between intermediaries and their clients. The chapter finishes by questioning the resilience of efforts to challenge such dominance.
Original languageEnglish
Title of host publicationHandbook on the Geographies of Power
EditorsMat Coleman, John Agnew
PublisherEdward Elgar Publishing
Number of pages14
ISBN (Electronic)9781785365645
ISBN (Print)9781785365638
Publication statusPublished - 27 Jul 2018


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