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GEOFIN Journal Articles

  • Sokol, M (2022) Financialisation, central banks and ‘new’ state capitalism: The case of the US Federal Reserve, the European Central Bank and the Bank of England. Environment and Planning Economy and Space.  DOI: 10.1177/0308518X221133114
  • Pataccini, L. (2022) From post-socialist transition to the COVID-19 crisis: cycles, drivers, and perspectives of subordinate financialization in Latvia. Journal of Baltic Studies.  DOI: 10.1080/01629778.2022.2092881
  • Dal Maso, G. (2022) Past and present financialization in Central Eastern Europe: the case of Western subsidiary banks. Journal of Balkan and Near Eastern Studies, 24:1, 60-77. DOI: 10.1080/19448953.2021.1992185
  • Sokol, M. and Pataccini, L. (2021) Financialisation, regional economic development and the coronavirus crisis: a time for spatial monetary policy?, Cambridge Journal of Regions, Economy and Society. DOI: 10.1093/cjres/rsab033
  • Pataccini, L. (2021) Europeanisation as a driver of dependent financialisation in East-Central Europe: insights from the Baltic states. New Political Economy,  DOI: 10.1080/13563467.2021.1994542
  • Klinge, T. J., Fernandez, R., & Aalbers, M. B. (2021) Whither corporate financialization? A literature review. Geography Compass, e12588. DOI: 10.1111/gec3.12588
  • Sokol, M. and Pataccini, L. (2020) Winners And Losers In Coronavirus Times: Financialisation, Financial Chains and Emerging Economic Geographies of the Covid-19 Pandemic. Tijdschrift voor Economische en Sociale Geografie 111(3): 401-415. DOI: 10.1111/tesg.12433
  • Mikuš, M. (2019) Contesting household debt in Croatia: the double movement of financialization and the fetishism of money in Eastern European peripheries. Dialectical Anthropology 43(3): 295-315. DOI: 10.1007/s10624-019-09551-8
  • Sokol, M. (2017) Financialisation, financial chains and uneven geographical development in Europe: Towards a research agenda. Research in International Business and Finance (RIBAF), Vol. 39, Part B, pp. 678-685. Invited contribution. DOI: 10.1016/j.ribaf.2015.11.007

GEOFIN Working Papers

  • Sokol, M. (2017) Western banks in Eastern Europe: New geographies of financialisation (GEOFIN research agenda). GEOFIN Working Paper No. 1. Dublin: GEOFIN research, Trinity College Dublin.
  • Bobek, A. (2019) Financialisation of households: a preliminary literature review. GEOFIN Working Paper No. 2. Dublin: GEOFIN research, Trinity College Dublin.
  • Mikuš, M. (2019) Financialization of the state in post-socialist East-Central Europe: conceptualization and operationalization. GEOFIN Working Paper No. 3. Dublin: GEOFIN research, Trinity College Dublin.
  • Mikuš, M. (2019) Financialization of the state in post-socialist East-Central Europe: analysis of secondary quantitative data. GEOFIN Working Paper No. 4. Dublin: GEOFIN research, Trinity College Dublin.
  • Mikuš, M. (2019) Financialization of the state in Croatia: a preliminary analysis. GEOFIN Working Paper No. 5. Dublin: GEOFIN research, Trinity College Dublin.
  • Rodik, P. (2019) Household debt in Croatia: An overview of recent trends. GEOFIN Working Paper No. 6. Dublin: GEOFIN research, Trinity College Dublin.
  • Rodik, P. (2019) Croatia: socio-economic context and sub-national overview for the study of financialisation of households. GEOFIN Working Paper No. 7. Dublin: GEOFIN research, Trinity College Dublin.
  • Rodik, P. (2019) Chaining households to financial markets: Micro-level interest-bearing strategies of Western banks in Croatia. GEOFIN Working Paper No. 8. Dublin: GEOFIN research, Trinity College Dublin
  • Mikuš, M. (2020) Financialization of the state in Croatia: findings of an interview-based case study. GEOFIN Working Paper No. 9. Dublin: GEOFIN research, Trinity College Dublin.
  • Bobek, A. (2020) Financialisation of households in East-Central Europe: The view from the non-academic reports. GEOFIN Working Paper No. 10. Dublin: GEOFIN research, Trinity College Dublin.
  • Pataccini, L. (2020) Western Banks in the Baltic States: a preliminary study on transition, Europeanisation and financialisation. GEOFIN Working Paper No. 11. Dublin: GEOFIN research, Trinity College Dublin.
  • Bobek, A. (2021) Financialization of households in East-Central Europe: Insights from secondary statistical data. GEOFIN Working Paper No. 12. Dublin: GEOFIN research, Trinity College Dublin.
  • Sokol, M.(2022) Financialisation, central banks and the ‘new’ state capitalism in advanced market economies. GEOFIN Working Paper No. 13. Dublin: GEOFIN research, Trinity College Dublin.

GEOFIN Presentations

  • Sokol, M. and Stephens, J.C. (2023) Monetary Policy, Climate Crisis & Inequality:
    A Climate Justice Approach. Paper for the Annual Meeting of the American Association of Geographers (AAG). Session: Geographies of Monetary Policy I: Crisis, Inequality and Financial Power. Denver, USA, and online, 23-27 March 2023. | PDF
  • Pataccini, L. and Sokol, M. (2023) Green monetary and financial policies: missing geographies? Paper for the Annual Meeting of the American Association of Geographers (AAG). Session: Geographies of Monetary Policy I: Crisis, Inequality and Financial Power. Denver, USA, and online, 23-27 March 2023. | PDF
  • Sokol, M and Stephens, J (2022). Monetary Policy and ecological crisis: towards a climate justice approach. Paper presented at 26th FMM Conference Post-Keynesian Economics and Global Challenges, Berlin 20-22 October 2022. PDF (paper) |  PDF (Slides)
  • Pataccini, L, Sokol, M and Mikuš (2022) Growth models, dependent financialization and financial infrastructures in CEE: the case of the baltic states. RSA Central and Eastern Europe conference in Leipzig 2022. Special Session: Infrastructures of finance and finance as infrastructure in eastern Europe. | PDF
  • Pósfai, Z (2022) Dependent housing financialization in Hungary – post -2008 shifts.  Global Conference on Economic Geography in Dublin 7-10 June 2022  Special session: Financialisation: Disruptions, Displacements and Discontents | PDF
  • Pataccini, L (2022) Examining the Transmission mechanism of monetary policy in the euro area in the light of financialisation.  Global Conference on Economic Geography in Dublin 7-10 June 2022  Special session: Financialisation: Disruptions, Displacements and Discontents | PDF
  • Fernandez, R, Sokol, M and Pataccini L (2022) Monetary policy, varieties of capitalism and subordinate financialization: What Explains divergent economic geographies of (semi)-peripheries in East-Central Europe. Global Conference on Economic Geography in Dublin 7-10 June 2022  Special session: Financialisation: Disruptions, Displacements and Discontents | PDF
  • Bencekovic, S (2022) Mapping the Postsocialist Bankscapes: Sub-National Banking Geographies in Croatia. Global Conference on Economic Geography in Dublin 7-10 June 2022  Special session: Financialisation: Disruptions, Displacements and Discontents | PDF

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Dr. Ia Eradze- Visiting scholar to Geography Department Trinity College Dublin.

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Geofin Research team was delighted to have hosted visiting scholar Dr. Ia Eradze  in June 2023 and most grateful for her presentation on “Crypto Currency Mining in Georgia: sovereignty revisited”  on 28th June 2023.

 

 

 

 

 

Jennie Stephens & Martin Sokol joint publication is just out: Financial innovation for climate justice: central banks and transformative ‘creative disruption’.

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Read Jennie C. Stephens & Martin Sokol latest publication entitled Financial innovation for climate justice: central banks and transformative ‘creative disruption’, Climate and Development,

“Financialisation, central banks, and ‘new’ state capitalism: The case of the US federal Reserve, the European Central Bank and the Bank of England” Martin Sokol latest article just published.

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Read Martin Sokol latest article –  just published in Environment and Planning A: Economy and Space. DOI

 

Presentations by Geofin team at the Global Conference on Economic Geography in Dublin 7-10 June 2022.

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If you missed the recent presentations by Geofin’s  Martin Sokol, Rodrigo Fernandez, Leonardo Pataccini, Sara Benceković and Zsuzsanna Pósfai at the Global Conference on Economic Geography in Dublin 7-10 June 2022  you can now view the slides from their presentations here Slides

 

 

New article by Alicja Bobek  Marek Mikuš and Martin Sokol “Making sense of the financialization of households: state of the art and beyond”

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Congratulations to Alicja Bobek  Marek Mikuš and Martin Sokol on their latest GEOFIN research collaboration just published “Making sense of the financialization of households: state of the art and beyond” , Socio-Economic Review, 2023.

This article is available online from Socio: Socio-Economic Review and PDF

 

New article by Leonardo Pataccini: “The (un)usual suspects? Exploring the links between illicit financial flows, Russian money laundering and dependent financialization in the Baltic states”

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Congratulations to Leonardo Pataccini GEOFIN research fellow, on the publication is his latest work “The (un)usual suspects? Exploring the links between illicit financial flows, Russian money laundering and dependent financialization in the Baltic states. ”

This article is available online from: Competition & Change

New article by Leonardo Pataccini: “From post-socialist transition to the COVID-19 crisis: cycles, drivers, and perspectives of subordinate financialization in Latvia”

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Congratulations to Leonardo Pataccini GEOFIN research fellow, on the publication is his latest work in the Journal of the Balkan Studies. “From post-socialist transition to the COVID-19 crisis: cycles, drivers, and perspectives of subordinate financialization in Latvia”.

This article is available online from: Journal of Baltic Studies

GCEG 2022 Dublin: Special Session 04_09 Financialisation: Disruptions, Displacements and Discontents

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GCEG 2022 Dublin  –Special Session 04_09

Financialisation: Disruptions, Displacements and Discontents

Session organisers:

  • Leonardo Pataccini, Trinity College Dublin, Ireland / University of Latvia
  • Martin Sokol, Trinity College Dublin, Ireland
  • Jennie Stephens – Northeastern University – j.stephens@northeastern.edu

Session description:

Financialisation, a shorthand for the increasing power of finance over society and the economy, continues to reshape economic geographies in numerous ways and at multiple scales. From housing to health care, from education to innovation, from firms to governments, from labour markets to financial markets, from retail banks to central banks, the process of financialisation has fundamentally altered wealth and power relations. In doing so, it has created significant disruptions, displacements and discontents. Financialisation appears to be deepening social and territorial inequalities, while making contemporary capitalist economies more prone to crises which in turn reinforces the concentration of wealth and power among those with financial assets, i.e. the pandemic has worsened economic inequities and strengthened multiple problematic financial mechanisms. Furthermore, the subjugation of economic process to the financialised logic of short-term financial gain accelerates climate change, reinforces fossil fuel reliance, and deepens climate vulnerabilities around the world.

 

TUESDAY 7th JUNE 2022 – Trinity

Financialisation I: Central banks and monetary policy                Chair: Jennie Stephens

  • Sokol M. – Financialisation, Central Banks and the New State Capitalism
  • Pataccini L. – Examining the Transmission Mechanism of Monetary Policy in the Euro Area in the Light of Financialisation
  • Cohen D.; Martine A.; Rosenman, E. – Walls of Capital: Quantitative Easing, Spatial Inequality, and the Winners and Losers of Canada’s Pandemic-Era Housing Market
  • Eichacker N. – Financialization, Structural Power, and the Global Financial Crisis for Europe’s Core and Periphery

____________________________________________________________________________________________________________________

Financialisation II: Climate justice, higher education & neoliberalism                 Chair: Martin Sokol

  • Stephens J. – Climate Justice and the Financialization of Higher Education
  • Green L. – The Financialising Univer[city]? Financial Restructuring and Urban Real Estate Development in UK Higher Education
  • Discussion

 

WEDNESDAY 8th JUNE 2022 – UCD

Financialisation III: Housing and real estate                   Chair: Leonardo Pataccini

  • Alexandri G. – From Housing Financialisation to Housing Affordability Pressures in Athens and Barcelona; Exploring Comparatively Social Ruptures and Urban Transformations
  • Kors T.; Rainer G. – Financialization of (Holiday) Real Estate in a Traditional Tourism Town. The Case of Garmisch-Partenkirchen
  • Crevoisier O.; Theurillat T.; Merckhoffer A. – The Changing Role of Real Estate in Swiss Urban Development: Evidence and Theoretical Reframing
  • Pósfai Z. – Dependent Housing Financialization in Hungary – Post-2008 Shifts

____________________________________________________________________________________________________________________

Financialisation IV: Hegemony and subordination         Chair: Zsuzsanna Pósfai

  • Fernandez, R.; Pataccini L.; Sokol M. – Monetary Policy, Varieties of Capitalism and Subordinate Financialization: What Explains Divergent Economic Geographies of (Semi-)Peripheries in East-Central Europe?
  • Benceković S. – Mapping the Postsocialist Bankscapes: Sub-National Banking Geographies in Croatia
  • Handke M. – Financialization and Financial Flexibility in Indebted COVID-19 Risk Societies
  • Ouma S.; Mkalama B.; Ndemo B. – Hegemonic Venture Capital: A (Re)View From Africa

 

Photos from Event

RSA 2022 conference image

2022 RSA CEE conference in Leipzig, Germany (14-17 Sept)

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Conference website: https://www.regionalstudies.org/events/2022-rsa-cee-programme/

Special Session SS05 at the 2022 RSA CEE conference in Leipzig, Germany (14-17 Sept 2022). 

Session organisers:

Arguments centred on infrastructure have become increasingly influential across social sciences. While infrastructure is primarily understood as embedded technical support systems that provide services to populations and organizations, social scientists document that infrastructures themselves are integrated into larger ecologies of other infrastructures, social organization, work routines, norms and standards, communities of users etc. (Niewöhner 2017). Infrastructures can be thus seen as extended and technologically mediated material assemblages that continuously produce social and socio-technical relations in both planned and unplanned ways (Harvey et al. 2017). Scholars working on finance deploy the concept as a heuristic for making visible “hard” infrastructures in finance as well as the socio-technical and organizational arrangements and processes surrounding them (Bernards and Campbell-Verduyn 2019; Krarup 2019). They further developed the notion of the infrastructural power of finance to draw attention to the ways in which state actors such as central banks and treasuries come to depend on financial actors, markets and practices for the execution of their policies, with obvious implications for regulation (Braun 2020; Gabor and Braun 2020). A related line of enquiry focuses on entanglements between financial infrastructures and security (de Goede 2020), which have been recently taken to a new level with unprecedented sanctions against Russia’s access to particular financial markets, assets or payment systems. This special session invites analyses of these two dimensions of the relationship between infrastructure and finance in Eastern Europe – a region in which this line of enquiry is still underdeveloped, although existing scholarship already points to distinctive financial infrastructures such as foreign-led banking systems.

First, the session invites analyses of the infrastructures of Eastern European finance. The term is interpreted such as to cover a wide range of infrastructural phenomena – technological instruments and systems (e.g. trading platforms, payment systems, credit registries), mechanisms and techniques (e.g. credit scoring, government debt issuance techniques), and institutions and institutional frameworks (e.g. exchanges, markets.).

Second, the session invites reflections on the infrastructural power of finance in the region as well as its limits – the ways in which financial instruments and markets become prerequisites for monetary, security and other policies, but also the ways in which states may reassert their power vis-à-vis finance and deploy it for their purposes.