This article reviews the idea that geography is becoming less and less important in finance as a result of the revolution in information and communications technology and of deregulation, in the aftermath of the economic and financial crisis of 2008. Reviewing four scenarios for the future of finance, it seems likely that the drive towards ‘the end of geography’ will be slowed by the crisis, as the wisdom of allowing the marketplace to self-regulate is reconsidered. Future information and communication technology developments may help improve information management, combating one of the features of recent market failure.
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O’Brien et al. (2009) studied this question.
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