Securing Finance, Mobilizing Risk: Money Cultures at the Bank of England, 1st Edition (Paperback) book cover

Securing Finance, Mobilizing Risk

Money Cultures at the Bank of England, 1st Edition

By John Morris


200 pages | 6 B/W Illus.

Purchasing Options:$ = USD
New in Paperback: 9780367904166
pub: 2019-12-12
Hardback: 9781138080676
pub: 2018-04-05
eBook (VitalSource) : 9781315113302
pub: 2018-03-28
from $23.98

FREE Standard Shipping!


Drawing on the history of modern finance, as well as the sociology of money and risk, this book examines how cultural understandings of finance have contributed to the increased capitalization of the UK financial system following the Global Financial Crisis. Providing both a geographically-inflected analysis and re-appraisal of the concept of performativity, it demonstrates that financial risk management has a spatiality that helps to inform understandings and imaginaries of the risks associated with money and finance.

The book traces the development of understandings of risk at the Bank of England, with an analysis that spans some 1,000 reports, documents and speeches alongside elite interviews with past and present employees at the central bank. The author argues that the Bank has moved from a relatively broad-brush approach to the risks being managed in the financial sector, to a greater preoccupation with the understanding and mapping of the mobilization of financial risk.

The study of financial practices from a critical social sciences and humanities perspective has grown rapidly since the Global Financial Crisis and this book will be of interest to multiple subject areas including IPE, economic geography, sociology of finance and critical security studies.

Table of Contents

Introduction: Financial Stability as Speculative Security.

Part One: Performing Money Cultures in London

  1. London and the Bank of England.
  2. Money Cultures.
  3. Central Banking as a Performed Domain.
  4. Part Two: A Money Culture of Speculating on Risk

  5. Completing Credit Markets?
  6. A Fatal Flaw.
  7. Part Three: A Money Culture of Speculating for Risk

  8. Putting Risk Under a Microscope.
  9. Widening the Risk Imagination.
  10. Capitalisation and Resilience.

Conclusion: Financial Stability in the 21st Century.

About the Author

John Hogan Morris is Research Assistant in Responsible Finance in the Centre for Business in Society at Coventry University. He completed his PhD in 2015 in the Geography Department at Durham University (UK), and earlier that year his work won ‘Best Graduate Student Paper’ at the New Directions in International Political Economy Conference at University of Warwick. John has published in the Journal of Cultural Economy and is currently co-editing a special issue on ‘Security and Finance’ in the journal Finance & Society. He also has a section on ‘Financial Security’ in the International Political Economy of Everyday Life project. He has taught Economic Geography and International Political Economy at Durham University and University College London. John was an invited judge at the London Area Final of the Bank of England’s Two Point Zero challenge and has provided informal advice on public communications to the European Central Bank.

About the Series

RIPE Series in Global Political Economy

For almost two decades now, the RIPE Series published by Routledge has been an essential forum for cutting-edge scholarship in International Political Economy. The series brings together new and established scholars working in critical, cultural and constructivist political economy. Books in the RIPE Series typically combine an innovative contribution to theoretical debates with rigorous empirical analysis.

The RIPE Series seeks to cultivate:

  • Field-defining theoretical advances in International Political Economy
  • Novel treatments of key issue areas, both historical and contemporary, such as global finance, trade, and production
  • Analyses that explore the political economic dimensions of relatively neglected topics, such as the environment, gender relations, and migration
  • Accessible work that will inspire advanced undergraduates and graduate students in International Political Economy.

James Brassett – Warwick

Eleni Tsingou – Copenhagen Business School

Susanne Soederberg – Queen’s

Learn more…

Subject Categories

BISAC Subject Codes/Headings: