Respatialising Finance: Power, Politics and Offshore Renminbi Market Making in London

Hall, Sarah

Abstract

Respatialising Finance is one of the first detailed empirical studies of how and why London became the leading western financial centre within the wider Chinese economic and political project of internationalising its currency, the renminbi (RMB). This in-depth volume examines how political authorities in both London and Beijing identified the potential value of London's international financial centre in facilitating and legitimising RMB internationalisation, and how they sought to operationalise this potential through a range of market-making activities. The text features original data from on-the-ground research in London and Beijing conducted with financial and legal professionals working in RMB markets and offers an original theoretical approach that brings economic geography into closer dialogue with international political economy. Recent work on territory illustrates how financial centres are not simply containers and facilitators of global financial flows - rather they serve as territorial fixes within the dynamic and crisis-prone nature of global finance.

Citation

Hall, S. (2021). Respatialising Finance: Power, Politics and Offshore Renminbi Market Making in London. (9781119385547). Wiley. https://doi.org/10.1002/9781119386018

• Book Type: Authored Book
• Online Publication Date: May 9, 2021
• Publication Date: Feb 19, 2021
• Deposit Date: Oct 27, 2021
• Publisher: Wiley
• Series Title: RGS-IBG Book Series
• Edition: 9781119385547
• ISBN: 9781119386049
• DOI: https://doi.org/10.1002/9781119386018
• Public URL: https://nottingham-repository.worktribe.com/output/6540810
• Publisher URL: https://www.wiley.com/en-gb/Respatialising+Finance%3A+Power%2C+Politics+and+Offshore+Renminbi+Market+Making+in+London-p-9781119386049