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100 _aPotts, Shaina
_957318
245 _aRe writing markets:
_bLaw and contested payment geographies/
260 _bSage,
_c2020.
300 _aVol. 52, Issue 1, 2020 ( 46–65 p.)
520 _aWhile many emphasize the supposed frictionlessness and instantaneity of global financial flows, economic geographers have done important work placing globalization in concrete practices and spaces. Yet, cross-border payment transactions, which are constitutive of transnational markets, remain understudied. In this paper, I use creditor litigation against Argentina as a lens through which to explore material geographies of transnational financial payments. This litigation sheds light on the fundamental role of law (especially US common law) in structuring most major payment transactions today. Payment “flows” are not continuous at all, but rather legally divided into discrete spatial segments—and remapping these divisions, via litigation, has become a focal point of struggle between creditors and debtors, as well as among financiers. Fierce debates over contracts and their interpretation have been central in these battles. Furthermore, these financial geographies remain inextricably entangled not only with business actors, but with legal and political actors as well—law anchors economic geographies in state spaces and (often contradictory) state interests at a variety of scales.
773 0 _08877
_917103
_dLondon Pion Ltd. 2010
_tEnvironment and planning A
_x1472-3409
856 _uhttps://doi.org/10.1177/0308518X18768286
942 _2ddc
_cEJR
999 _c14381
_d14381