Hostname: page-component-cd9895bd7-gvvz8 Total loading time: 0 Render date: 2024-12-24T17:14:30.708Z Has data issue: false hasContentIssue false

Financial security

Published online by Cambridge University Press:  09 November 2023

Marieke de Goede*
Affiliation:
University of Amsterdam, Netherlands
*
Corresponding author: Marieke de Goede, Universityof Amsterdam, P.O. Box 15578, 1001NB, Amsterdam, The Netherlands. Email:m.degoede@uva.nl
Rights & Permissions [Opens in a new window]

Extract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

This essay was originally published in The Routledge Handbook of New Security Studies (Burgess, 2010), and has since become a key reference point in debates on the finance-security nexus. It is reproduced here as a starting point for the present forum, which aims to further advance efforts to conceptualise the relations between finance and security.

Type
Forum: Conceptualising finance-security relations
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits noncommercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
Copyright © The Author(s) 2017

Footnotes

Editors’ note This essay was originally published inThe Routledge Handbook of New Security Studies(Burgess, 2010), and has since become a key reference point in debates onthe finance-security nexus. It is reproduced here as a starting point forthe present forum, which aims to further advance efforts to conceptualisethe relations between finance and security.

References

Aitken, R. (2003) The democratic method of obtaining capital: Culture, governmentality and ethics of mass investment. Consumption, Markets and Culture, 6(4): 293317.Google Scholar
Aitken, R. (2005) ‘A direct personal stake’: Cultural economy, mass investment and the New York Stock Exchange. Review of International Political Economy, 12(2): 334–63.CrossRefGoogle Scholar
Aitken, R. (2006) Capital at its fringes. New Political Economy, 11(4): 479–96.Google Scholar
Aitken, R. (2007) Performing Capital: Toward a Cultural Economy of Popular and Global Finance. Basingstoke: Palgrave MacMillan.Google Scholar
Anderson, B. (2007) Hope for nanotechnology: Anticipatory knowledge and the governance of affect. Area, 39(2): 156165.Google Scholar
Andreas, P. and Biersteker, T.J. (eds.) (2003) The Rebordering of North America: Integration and Exclusion in a New Security Context. London: Routledge.Google Scholar
Amoore, L. and de Goede, M. (eds.) Risk and the War on Terror. London: Routledge.Google Scholar
Aradau, C., Lobo-Guerrero, L. and van Munster, R. (eds.) (2008) Special issue on ‘Security, Technologies of Risk, and the Political’. Security Dialogue, 39(2-3).Google Scholar
Arnoldi, J. (2004) Derivatives: Virtual values and real risks. Theory, Culture and Society, 21(6): 2342.Google Scholar
Atia, M. (2007) In whose interest? Financial surveillance and the circuits of exception in the War on Terror. Environment and Planning D: Society and Space, 25(3): 447–75.Google Scholar
Avant, D. (2005) The Market for Force: The Consequences of Privatizing Security. Cambridge: Cambridge University Press.Google Scholar
Baker, T. and Simon, J. (eds.) (2002) Embracing Risk: The Changing Culture of Insurance and Responsibility. Chicago, IL: University of Chicago Press.Google Scholar
Beck, U. (1992) Risk Society: Towards a New Modernity. London: Sage.Google Scholar
Best, J. (2003) Moralizing finance: The New Financial Architecture as ethical discourse. Review of International Political Economy, 10: 579603.Google Scholar
Best, J. (2008) Why the economy is often the exception to politics as usual. Theory, Culture and Society, 24(4): 83105.Google Scholar
Biersteker, T.J. (2004) The return of the state? Financial re-regulation in the pursuit of security after September 11. In: Tirman, J. (ed.) The Maze of Fear: Security and Migration After 9/11. New York, NY: New Press, 5975.Google Scholar
Biersteker, T.J. and Eckert, S.E. (eds.) Countering the Financing of Terrorism. London: Routledge.Google Scholar
Bougen, P.D. (2003) Catastrophe risk. Economy and Society, 32(2): 253–74.Google Scholar
Burch, K. (1998) ‘Property’ and the Making of the International System. Boulder, CO: Lynne Rienner.Google Scholar
Burgess, J.P. (ed.) (2010) The Routledge Handbook of New Security Studies. London: Routledge.Google Scholar
Burke, A. (2007) Beyond Security, Ethics and Violence: War against the Other. London: Routledge.Google Scholar
Buzan, B., Waever, O. and de Wilde, J. (1998) Security: A New Framework for Analysis. Boulder, CO: Lynne Rienner.Google Scholar
Campbell, D. (1992) Writing Security: United States Foreign Policy and the Politics of Identity. Minneapolis, MN: University of Minnesota Press.Google Scholar
Campbell, D. (2005) The biopolitics of security: Oil, empire and the sports utility vehicle. American Quarterly, 57(3): 943–72.Google Scholar
Campbell, D. and Dillon, M. (1993) The end of philosophy and the end of International Relations. In: Campbell, D. and Dillon, M. (eds.) The Political Subject of Violence. Manchester: Manchester University Press.Google Scholar
Carruthers, B.G. and Babb, S. (1996) The color of money and the nature of value: Greenbacks and gold in postbellum America. American Journal of Sociology, 101(6): 1556–91.Google Scholar
Chancellor, E. (1999) Devil Take the Hindmost: A History of Financial Speculation. London: Macmillan.Google Scholar
Clark, G.W. (1999) Betting on Lives: The Culture of Life Insurance in England, 1695-1775. Manchester: Manchester University Press.Google Scholar
Cohen, B. (1996) Phoenix risen: The resurrection of global finance. World Politics, 48: 268–96.Google Scholar
Daston, L. (1988) Classical Probability in the Enlightenment. Princeton, NJ: Princeton University Press.Google Scholar
de Goede, M. (2001) Discourses of scientific finance and the failure of Long-Term Capital Management. New Political Economy, 6(2): 149–70.Google Scholar
de Goede, M. (2005) Virtue, Fortune and Faith: A Genealogy of Finance. Minneapolis, MN: University of Minnesota Press.Google Scholar
de Goede, M. (2008a) Beyond risk: Premediation and the post-9/11 security imagination. Security Dialogue, 39(2/3): 155176.Google Scholar
de Goede, M. (2008b) Money, media and the anti-politics of terrorist finance. European Journal of Cultural Studies, 11(3): 289310.Google Scholar
Der Derian, J. (2001) Virtuous War. Boulder, CO: Westview Press.Google Scholar
Dickson, P.G.M. (1967) The Financial Revolution in England: A Study in the Development of Public Credit, 1688-1756. London: Macmillan.Google Scholar
Dillon, M. (2007) Governing through contingency: The security of biopolitical governance. Political Geography, 26(7): 4147.Google Scholar
Dillon, M. (2008) Underwriting security. Security Dialogue, 39(2-3): 309–32.Google Scholar
Dillon, M. and Lobo-Guerrero, L. (2008) Biopolitics of security in the 21st century: An introduction. Review of International Studies, 34(2): 265–92.Google Scholar
Duffield, M. (2001) Governing the borderlands: Decoding the power of aid. Disasters, 25(4): 308–20.Google Scholar
Duffield, M. (2007) Development, Security and Unending War. Cambridge: Polity.Google Scholar
Dunbar, N. (2000) Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It. New York, NY: John Wiley.Google Scholar
Eckert, S.E. (2008) The use of financial measures to promote security. Journal of International Affairs, 62(1): 103–11.Google Scholar
Ferguson, N. (2008) Geopolitical consequences of the credit crunch. Keynote address at the Hoover Institution, Stanford, CA. Available at: <http://fora.tv/2008/10/21/Geopolitical_Consequences_of_the_Credit_Crunch/>. Accessed 29 April 2009..+Accessed+29+April+2009.>Google Scholar
Frieden, J.A. (1993) Capital politics: Creditors and the international political economy. In: Frieden, J.A. and Lake, D.A. (eds.) International Political Economy. London: Unwin Hyman.Google Scholar
Foucault, M. (2003) Abnormal. translated by Burchell, G.. New York, NY: Picador.Google Scholar
Foucault, M. (2007) Security, Territory, Population: Lectures at the Collège de France, 1977-78. Translated by Burchell, G.. Basingstoke: Palgrave.Google Scholar
Froud, J., Johal, S., Leaver, A. and Williams, K. (2006) Financialization and Strategy: Narrative and Numbers. London: Routledge.Google Scholar
Galbraith, J.K. (1993) A Short History of Financial Euphoria. London: Penguin.Google Scholar
Geithner, T. (2009) Prepared Statement by Treasury Secretary Tim Geithner at the G-20 Finance Ministers and Central Bank Governors Meeting, 14 March. Available at: <http://www.ustreas.gov/press/releases/tg56.htm/>. Accessed 28 April 2009..+Accessed+28+April+2009.>Google Scholar
George, S. and Sabelli, F. (1994) Faith and Credit: The World Bank's Secular Empire. London: Penguin.Google Scholar
Germain, R.D. (1997) The International Organisation of Credit: States and Global Finance in the World-Economy. Cambridge: Cambridge University Press.Google Scholar
Gill, S. (1990) American Hegemony and the Trilateral Commission. Cambridge: Cambridge University Press.Google Scholar
Gill, S. (1995) The global panopticon? The neoliberal state, economic life, and democratic surveillance. Alternatives, 20(1): 149.Google Scholar
Gill, S. and Law, D. (1993) Global hegemony and the structural power of capital. In: Gill, S. (ed.) Gramsci, Historical Materialism and International Relations. Cambridge: Cambridge University Press, 93124.Google Scholar
Grusin, R. (2004) Premediation. Criticism, 46(1): 1739.Google Scholar
Hardt, M. and Negri, A. (2000) Empire. Cambridge, MA: Harvard University Press.Google Scholar
Harmes, A. (2009) Imagined futures: Anticipatory visuality and the political economy of corporate scenario planning. Paper presented at the Annual Convention of the International Studies Association, New York, 15-18 February.Google Scholar
Harrison, G. (2004) The World Bank and Africa: The Construction of Governance States. London: Routledge.Google Scholar
Hilferding, R. (1981) Finance Capital: A Study of the Latest Phase of Capitalist Development [Online]. Available at: <http://www.marxists.org/archive/hilferding/1910/finkap/index.html/>. Accessed 29 April 2009..+Accessed+29+April+2009.>Google Scholar
Helleiner, E. (1994) States and the Reemergence of Global Finance: From Bretton Woods to the 1990s. Ithaca, NY: Cornell University Press.Google Scholar
Helleiner, E. and Gilbert, E. (1999) Nation-States and Money: The Past, Present and Future of National Currencies. London: Routledge.Google Scholar
Heng, Y. and McDonagh, K. (2008) The other War on Terror revealed: Global governmentality and the Financial Action Task Force campaign against terrorist financing. Review of International Studies, 34(3): 553–73.Google Scholar
Huysmans, J. (2006) The Politics of Insecurity: Fear, Migration and Asylum in the EU. London: Routledge.Google Scholar
Klein, N. (2008) The Shock Doctrine. London: Penguin.Google Scholar
Langley, P. (2007) The uncertain subjects of Anglo-American financialization. Cultural Critique, 65(Winter): 6691.Google Scholar
Langley, P. (2008) The Everyday Life of Global Finance: Saving and Borrowing in Anglo-America. Oxford: Oxford University Press.Google Scholar
Leander, A. (2005) The power to construct international security: On the significance of private military companies. Millennium: Journal of International Studies, 33(3): 803–26.Google Scholar
Leyshon, A. and Thrift, N. (1997) Money/Space: Geographies of Monetary Transformation. London: Routledge.Google Scholar
Levitt, M. and Jacobson, M. (2008) The US campaign to squeeze terrorist financing. Journal of International Affairs, 62(1): 6785.Google Scholar
LiPuma, E. and Lee, B. (2005) Financial derivatives and the rise of circulation. Economy and Society, 34(3): 404–27.Google Scholar
Lobo-Guerrero, L. (2007) Biopolitics of specialized risk: An analysis of kidnap and ransom insurance. Security Dialogue, 38(3): 315–34.Google Scholar
MacKenzie, D. (2007a) An Engine, Not a Camera: How Financial Models Shape Markets. Cambridge, MA: MIT Press.Google Scholar
MacKenzie, D. (2007b) The material production of virtuality. Economy and Society, 36(3): 355–76.Google Scholar
Martin, R. (2007) An Empire of Indifference: American War and the Financial Logic of Risk Management. Durham, NC: Duke University Press.Google Scholar
McCulloch, J. and Pickering, S. (2005) Suppressing the financing of terrorism. British Journal of Criminology, 45: 470–86.Google Scholar
Merton, R.C. (1998) Application of option-pricing theory: Twenty-five years later. American Economic Review, 88(3): 323–49.Google Scholar
Miller, P. and Rose, N. (1990) Governing economic life. Economy and Society, 19(1): 131.Google Scholar
Neal, L. (1990) The Rise of Financial Capitalism: International Capital Markets in the Age of Reason. Cambridge: Cambridge University Press.Google Scholar
Nesvetailova, A. and Palan, R. (2008) A very North Atlantic credit crunch: Geopolitical implications of the global liquidity crisis. Journal of International Affairs, 62(1): 165–85.Google Scholar
Obama, B. (2008) Remarks of Senator Barack Obama: National Security Avail, Richmond, VA, October 22. Available at: <http://www.barackobama.com/2008/10/22/remarks_of_senator_barack_obam_144.php/>. Accessed 28 April 2009..+Accessed+28+April+2009.>Google Scholar
O'Malley, P. (2004) Risk, Uncertainty and Government. London: Glass House Press.Google Scholar
Pauly, L. (1997) Who Elected the Bankers? Ithaca, NY: Cornell University Press.Google Scholar
Rosén, F. (2008) Commercial security: Conditions of growth. Security Dialogue, 39(1): 7797.Google Scholar
Rosenberg, E. S. (1999) Financial Missionaries to the World: the Politics and Culture of Dollar Diplomacy, 1900-1930. Cambridge, MA: Harvard University Press.Google Scholar
Salter, M. (2008) Risk and imagination in the War on Terror. In: Amoore, L. and de Goede, M. (eds.) Risk and the War on Terror. London: Routledge, 233–46.Google Scholar
Sassen, S. (2008) Mortgage capital and its particularities: A new frontier for global finance. Journal of International Affairs, 62(1): 187212.Google Scholar
Sassen, S. (2009) Too big to save: The end of financial capitalism. OpenDemocracy [Online], 2 April. Available at: <http://www.opendemocracy.net/article/too-big-to-save-the-end-of-financial-capitalism-0/>. Accessed 28 April 2009..+Accessed+28+April+2009.>Google Scholar
Sinclair, T.J. (2005) The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness. Ithaca, NY: Cornell University Press.Google Scholar
Strange, S. (1986) Casino Capitalism. London: Basil Blackwell.Google Scholar
Strange, S. (1998) Mad Money: When Markets Outgrow Governments. Manchester: Manchester University Press.Google Scholar
Taylor, M.C. (2004) Confidence Games: Money and Markets in a World Without Redemption. Chicago, IL: University of Chicago Press.Google Scholar
Tickell, A. (2000) Dangerous derivatives: Controlling and creating risks in international money. Geoforum, 31(1): 8799.Google Scholar
van der Pijl, K. (2006) Global Rivalries: From the Cold War to Iraq. London: Pluto.Google Scholar
Williams, M.C. (2003) Words, images, enemies: Securitization and international politics. International Studies Quarterly, 47(4): 511–31.Google Scholar