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

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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

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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