The Secondary Circuit of Capital Reconsidered: Globalization and the U.S. Real Estate Sector1

By K. Gotham. American Journal of Sociology, 2006

286 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/cf53c0c2ed812177e30f6c2507b03cf5cc1e3523

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Citations in the corpus

Build-to-Rent and the financialization of rental housing: future research directions (2020, background): “…but rather strike at the heart of real-world concerns about how, by whom, and with what impacts urban real estate is today transformed into tradable, income-producing assets through the connection of hyper-mobile investment capital with spatially-fixed local property markets (Gotham, 2006).”
Cities Destroyed (Again) For Cash: Forum on the U.S. Foreclosure Crisis (2008, background): “Financialization has meant a fundamental restructuring of the economy with the state and market producing new institutional arrangements and rules to facilitate capital accumulation (French and Leyshon, 2004; Wyly, Atia, and Hammel, 2004; Wyly, Hammel, and Atia, 2004; Epstein, 2005; Fox Gotham, 2006”
Speculating on London's housing future (2016, background): “This ability to trade investments in property on global markets in the form of securities, derivatives and loan portfolios (Weber 2002; Gotham 2006) combined with the neo-liberal state’s marketisation mission that removed borders to capital mobility, withdrew from playing a strong direct or…”
Building cities on financial assets: The financialisation of property markets and its implications for city governments in the Paris city-region (2016, background): “While States are admittedly involved in this intertwining of financial markets and the built environment (Gotham, 2006), more research on the “recent processes of financialization from the perspective of city governments” (Weber, 2010, p. 256) is required.”
The de-contextualisation of land use planning through financialisation: Urban redevelopment in Milan (2016, background): “The relationship between financialised capitalism and the rescaling of statehood on city regions is characterised by a de-territorialisation of financial capital and liquid assets and the formation of new spaces of governance (Aalbers, 2012; French et al., 2011; Gotham, 2006; Pike and Pollard, 2010)”
The Consequences of Economic Globalization for Affluent Democracies (2007, background): “A related literature analyzes the influence of globalization on specific industries and corporate practices (Anderson et al. 2001, Cetina & Bruegger 2002, Cioffi 2000, Collins 2003, Gereffi 2005, Gotham 2006, Kwon 2004, Zhu 2004).”
Understanding the 2007–2008 Global Financial Crisis: Lessons for Scholars of International Political Economy (2011, background): “…involvement of the United States in mediating and encouraging foreign capital inflows, through its Treasury bill sales and the role of Freddie and Fannie in creating a global market for securitized mortgages (Gotham 2006), as well as through its broader support for global financial liberalization.”
How real estate became ‘just another asset class’: the financialization of the investment strategies of Dutch institutional investors (2017, background): “The credit crunch of 2007 revealed how financial actors are deeply motivated to liquefy illiquid assets such as real estate to further enlarge the financial sphere, further integrating real estate and financial markets (Aalbers, 2012; Gotham, 2006; Hudson, 2010).”
Urban Fortunes and Skeleton Cityscapes: Real Estate and Late Urbanization in Kigali and Addis Ababa (2017, background): “More recently, scholars have however questioned Harvey and Lefebvre’s assumption that investment in the secondary circuit is necessarily linked to crises and overaccumulation in the primary circuit (Aalbers, 2007; Charney, 2001; Gotham, 2006).”
Filtering Risk Away: Global Finance Capital, Transcalar Territorial Networks and the (Un)Making of City-Regions: An Analysis of Business Property Development in Bangalore, India (2014, background): “GOTHAM (2006, 2009) gives an example by highlighting the pivotal role of state policies in providing the regulatory tools that made possible the financialization of property in the United States.”
Revisiting the Urbanization of Capital (2011, background): “If such institutions, alongside governments (Gotham 2006), act as a kind of collective financing nerve center and “play important roles in checking or enhancing flows of capital into the [built environment]” (Harvey 1985b, 7), then why not look specifically at their own investment patterns?”