The dark side of innovation in financial centres: legal designs and territorialities of law

Sabine Dörry

doi:10.1080/00343404.2022.2107629

The dark side of innovation in financial centres: legal designs and territorialities of law

Sabine Dörry

Urban Development & Mobility

Résultats de recherche: Contribution à un journal › Article › Revue par des pairs

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Résumé

Innovation studies rarely incorporate finance in their analysis, although productive innovation and economic development require efficient allocation of financial resources. Complex financial vehicles other than banks increasingly fund global economic activity. These innovative, yet ‘dark’ financial entities service the shielding of private – not public – wealth, and challenge the positive notion of financial innovation as they help cement socio-spatial inequalities. We illustrate how legal structuring benefits (from) the commercialization of state sovereignty and the finetuned work of finance-cum-
law that have long shaped the business model of leading financial centres; a legacy difficult to disengage from in times of financial sustainability imperatives.

langue originale	Anglais
Pages (de - à)	1-12
journal	Regional Studies
Les DOIs	https://doi.org/10.1080/00343404.2022.2107629
état	E-pub ahead of print - 4 sept. 2022

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The dark side of innovation in financial centres: legal designs and territorialities of law

Résumé

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Autres fichiers et liens

Projets

FINWEBS: FinWebs - Stabilising an unstable industry. The role of agency in interconnecting international financial centers

Publications

Future Finance

Preserving the obligatory passage point: SWIFT and the partial platformisation of global payments

Chinese bank networks in Europe: FDI-oriented by legal and strategic design

Hierarchical tendencies, functional specializations, and (in)stability across European banking centers

OPC LUX: Climate Policy Observatory, Luxembourg, Annual Report 2023

Contient cette citation