Od finansjalizacji do globalnych sieci finansowych – teoretyczne podstawy geografii finansów = From financialisation to global financial networks - theoretical frameworks of financial geography

Węgrzyn, Paweł

doi:0033-2143 (print)

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Od finansjalizacji do globalnych sieci finansowych – teoretyczne podstawy geografii finansów = From financialisation to global financial networks - theoretical frameworks of financial geography Węgrzyn, Paweł

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Od finansjalizacji do globalnych sieci finansowych – teoretyczne podstawy geografii finansów = From financialisation to global financial networks - theoretical frameworks of financial geography

Przegląd Geograficzny T. 97 z. 2 (2025)

Węgrzyn, Paweł : Autor

financial geography ; financial chains ; financialisation ; global financial centers ; global financial network

The primary goal of this article is to articulate the theoretical frameworks of financial geography, a branch of economic geography focused on the spatial dimensions of financial systems and processes. Financial geography examines the spatial configurations of financial activities, the functioning of financial markets, and the strategic roles of financial centres. Through a comprehensive review of key theories, this article consolidates and critically examines the main approaches central to the field. The discussion is structured around four core theoretical perspectives: financialisation, global financial networks (GFN), financial chains, and global financial centres. Each offers unique insights and emphasizes different scales of analysis. Financialisation addresses the growing influence of financial markets and actors on economic and social structures. It explores how financial logic shapes sectors such as housing, corporate governance, and public policy, often resulting in uneven spatial impacts like urban displacement and regional disparities. The GFN perspective highlights the interconnectedness of global financial centres and market actors through financial and informational flows. This approach maps the hierarchy of global cities and tracks shifts in financial power, showing how changes in regulatory or institutional contexts can reshape global financial connectivity and redistribute economic influence among major cities. The supplementary bibliometric analysis shows that financialisation and financial centres have received the most scholarly attention, while global financial networks and especially financial chains are newer, less explored approaches. The review highlights a research gap: there is a lack of comprehensive theoretical integration of these perspectives within financial geography. Addressing this gap is crucial for understanding how spatial factors influence financial dynamics and reshape structures at various scales. Our theoretical synthesis emphasizes the need to integrate multiple analytical scales to fully grasp the complexities of contemporary financial processes. Together, these frameworks provide strong analytical tools for studying the spatiality of finance and support further research into emerging phenomena such as green finance, fintech, and evolving global economic power.

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