(Article of periodic en Anglais - 2014)

Document title

A fetish and fiction of finance : unraveling the subprime crisis

Authors(s) and Affiliation(s)

PANI E. (1) ; HOLMAN N. (1) ;
(1) School of Geography, Univ., London, ROYAUME-UNI

  • Department of Geography and Environment, London School of Economics, London, ROYAUME-UNI


The article unravels the experiences of eight Norwegian municipalities whose investments plummeted as the subprime crisis unfolded: investments that had no immediate ties to subprime. Focusing on the processes, practices, and instruments of financialization, it puts forward two new analytical concepts—“the fetishization of the knowledge of risk” and “fictitious distance”—to help explain how the crisis spread so quickly and extensively that it threatened not only the municipalities’ investments but also the functioning of globa finance as a whole. It concludes that in the highly interconnected entanglement of geographies and finance that make up the global financial system, the fetishes and fictions of finance cannot be ignored


Article of periodic

published at : Economic geography / ISSN 0013-0095

Editor : Clark University, Worcester, MA - ETATS-UNIS (1925)

Millesime : 2014, vol. 90, no2 [pp. 213-235]

Bibliographic references : 4 p.

Collation : 2 fig.



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