Visibly in trouble: Northern Rock, a post-mortem on a financial crisis |
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Authors: | Alan G Hallsworth Frank Skinner |
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Affiliation: | School of Management, University of Surrey, Guildford, Surrey GU2 7XH Email: |
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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. |
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Keywords: | sub-prime mortgages tragedy of the commons |
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