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Recent market turmoil, bank runs, global equities sell-off, and the "credit crunch" have demonstrated the sophisticated and interconnected nature of financial markets today-- seemingly localized problems have quickly spread, putting at risk the solvency of both local and global financial institutions. As these markets are increasingly complex, interconnected, and embedded in the daily lives of individuals, there is a pressing need to unravel and understand the complexities and prospects of this new and transformative social, political, and geographical paradigm.This book brings together a group of leading scholars from a range of disciplines to formulate a more holistic understanding of financial risk by rooting it in different environments, spatial scales, and disciplines. The result is an all-encompassing exposition of current and future financial risk management practices, possibilities, and problems.
This book investigates the systemic vulnerabilities of modern financial markets by examining how localized economic crises propagate through interconnected global networks. The authors, a team of distinguished scholars in economic geography and finance, argue that traditional risk management models fail to account for the complex social, political, and geographical dimensions of contemporary markets. By synthesizing perspectives from multiple disciplines, the text provides a framework for understanding how financial risk is embedded within diverse spatial and institutional environments.
What You Will Find
Experts recognize this work as a significant contribution to the field of economic geography, particularly for its focus on the spatial dimensions of financial crises. Readers frequently note the academic rigor of the text, making it a valuable resource for students and professionals seeking to understand the complexities of global market integration.
Page Count:
304
Publication Date:
2009-09-28
Publisher:
Oxford University Press
ISBN-10:
0199557438
ISBN-13:
9780199557431
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