Financial infrastructures are the lifeblood of political economies and are consistently considered critical by governments. They encapsulate socio-technical processes; not merely cables and computer servers, but the relationship of those in finance to these and other physical objects. The Cambridge Global Handbook of Financial Infrastructure consolidates the study of financial infrastructures by bridging political economy, humanities, sociology and science and technology studies. It delves into the core questions of modern finance, from the effect of digitalization on financial functions to the intricate web of global power dynamics. Drawing together interdisciplinary research, it explores the nuances of inclusivity and exclusivity within financial systems, shedding light on historical inequalities and colonial legacies. Including fresh insights, compelling case studies, and conceptual advances, this essential volume offers invaluable perspectives for informing analysis of the past, present, future of finance, and shaping policy debates. This title is also available as Open Access on Cambridge Core.
Papildus informācija
A state-of-the-art survey of interdisciplinary research on and conceptualizations of financial infrastructures from global perspectives.
List of figures page; List of tables; List of contributors;
Acknowledgments;
1. Infrastructural gazing on global finance Carola
Westermeier, Malcolm Campbell-Verduyn and Barbara Brandl; Part I. Conceptual
Approaches:
2. Derivatives, market liquidity and infrastructural finance
Chris Muellerleile;
3. Where does infrastructure sit in the Callonian
perspective on markets? David Pinzur;
4. Infrastructural power in financial
governance: its meaning, applications and varieties Nathan Coombs;
5.
Financial platforms: beyond the northsouth divide Janet Roitman;
6. Finance
and the critique of infrastructural reason Andreas Langenohl;
7. Assets:
boundary objects between financial practices and infrastructures Philipp
Golka;
8. Payments and hegemony: infrastructural sedimentation, reach and
disposition Carola Westermeier and Marieke de Goede; Part II. Histories of
Financial Infrastructures:
9. Financial infrastructures and colonial history
in Africa Nick Bernards;
10. Wiring markets: the telegraph as financial
infrastructure in the first age of globalization John Handel;
11. Remaking
the financial infrastructure of the city of London Matthew Eagleton-Pierce;
12. Alternative financial infrastructures in Russia Roxana Ehlke;
13.
Colonial legacies in Lebanese financial infrastructures and the impact on
financial crisis Cybele Atme; Part III. Organizations and Actors of
Contemporary Financial Infrastructures:
14. Exchanges: infrastructures, power
and differential organization of capital markets Johannes Petry;
15.
Financial infrastructures in the context of financial development: the case
of Brazil's stock exchange Giselle Datz;
16. Target2-securities: Europe's new
financial infrastructure Troels Krarup;
17. Opportunities and barriers to
regional payment systems: the case of the SML Annina Kaltenbrunner and Bianca
Orsi;
18. Blame game: illicit finance, de-risking and the politics of private
financial infrastructure Mark Nance and Eleni Tsingou;
19. Swift: trusted
infrastructure for infrastructures Gary Robinson, Sabine Dörry and Ben
Derudder;
20. Infrastructural geoeconomics: the emergence of Chinese and
Russian cross-border payment systems Andreas Nölke;
21. Derivatives market
reforms and the infrastructural authority of central clearing counterparties
Lorenzo Genito and Andrea Lagna;
22. Esg: 'sustainable' investing and the
risk of infrastructural lock-in Jan Fichtner, Robin Jaspert, and Johannes
Petry;
23. Issue control in green infrastructures Leonard Seabrooke and
Annika Stenström; Part IV. Digital Technologies and the Future of Financial
Infrastructure:
24. Social media and the changing infrastructures of money
Lana Swartz;
25. Trading on social trading platforms Xiaochuan Tong and Alex
Preda;
26. Digital financial infrastructures in the African agricultural
sector: practices, networks, and philanthrocapitalism Marie Langevin and
Valérie L'Heureux;
27. India stack: authority and innovation in a new
financial infrastructure J. P. Singh;
28. Infrastructures for financial
inclusion in South Asia Juvaria Jafri;
29. A short infrastructural history of
currency digitalization in the People's Republic of China, 2000s2020s Tim
Salzer;
30. Infrastructure for inclusion: evaluating China's financial
infrastructure and financial inclusion Falin Zhang, Yang Cui and Mingzhen
Yang;
31. AI as financial infrastructure? Edemilson Paranį; Index.
Carola Westermeier leads the Lise Meitner Research Group on Technology and Sovereignty at the Max Planck Institute for the Study of Societies, Cologne. Her research is located at the intersections of economic sociology, security studies, and international political economy. Malcolm Campbell-Verduyn is Senior Lecturer in International Political Economy and Deputy Head of the Department of International Relations and International Organization at the University of Groningen. His research is generally concerned with the roles of emergent technologies, nonstate actors, and expert knowledge in contemporary global governance. Barbara Brandl is Assistant Professor of Sociology with a focus on economy and organization at Goethe University Frankfurt. She is Speaker of an interdisciplinary research group on the digital euro. Her research is generally concerned with the intersection of political economy and technology in the field of (digital) finance.
