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Visibly in trouble: Northern Rock, a post-mortem on a financial crisis
Authors:Alan G Hallsworth   Frank Skinner
Affiliation:School of Management, University of Surrey, Guildford, Surrey GU2 7XH Email:
Abstract:
Here we seek to spatialise aspects of the Northern Rock Bank crisis of 2007 by marrying two radically different approaches. We combine a discussion of financial lending practices with an articulation of herd behaviour in conditions of uncertainty. Both were part of the still-unfolding picture of a traumatic episode in the geography of finance but also convey lessons on the behaviour of society in situations of shortage.
Keywords:sub-prime mortgages    tragedy of the commons
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