John Hogan Morris

• PhD Economic Geography
• Assistant Professor in Economic Geography at University of Nottingham

Contributing to current debates about financial performativity, this article seeks to explore the multiple and overlapping layers of performativity within central banking. The specific focus is upon the press conferences of the Bank of England, which coincide with the release of their Financial Stability Reports and results of their stress testing...

Drawing on the history of modern finance, as well as the sociology of money and risk, this book examines how cultural understandings of finance have contributed to the increased capitalization of the UK financial system following the Global Financial Crisis. Providing both a geographically-inflected analysis and re-appraisal of the concept of perfo...

The global and regional leadership of central banks in response to the COVID-19 pandemic has heightened public and political debates over their role in the governance of an arguably more fundamental planetary crisis: the climate crisis. Strategically harnessing the resources and reach of central banks would seem crucial to achieving a genuine step-...

This chapter introduces the Bank of England’s turn to tail risk following the Global Financial Crisis and presents the main contours of the book’s arguments. It contends that efforts to capture tail risks go beyond the macroprudential policy objectives of identifying and monitoring systemic risks to financial stability. Rather, the calculation of t...

This article aims to add to the emerging empirical mitigation deterrence literature by drawing on ongoing research into a particular form of greenhouse gas removal technology – biochar – and associated biochar carbon markets. As such, the aim of this paper is to explore whether the UK carbon market for biochar, in practice is likely to contribute t...

Urban climate action is increasingly understood through the lens of finance: through financial agendas, interests, and practical tools which enable ‘bankable’ or profitable interventions. While the literature is rife with criticism of the normative foundations and exploitative effects of this approach, it fails to capture the variegated ways in whi...

Using a range of calculative devices, (Mis)managing Macroprudential Expectations explores the methods used by central banks to predict and govern the tail risks that could impact financial stability. Through an in-depth case study, the book utilises empirically-informed theoretical analysis to capture these low-probability and high-impact events, a...

As intensifying climate-related disasters strike cities across the United States, they are provoking rising concern for the stability of the US housing market and broader financial system. How homeowners, mortgage lenders, federal institutions/regulators, and investors will variously encounter and manage climate risk is an urgent question for urban...

In this essay, we will provide an outline of the development of the stress testing programme at the Bank of England. Section 2 provides an overview of how crisis governance has reshaped the status quo of the Bank of England’s approach to financial stability. Section 3 explains how discrete approaches by different central banks reflects wider hierar...

This post is part of a larger collection covering the Global Insights webinar series, hosted jointly by Balsillie School of International Affairs (Canada), the Department of Politics and International Studies at the University of Warwick (UK), American University’s School of International Service (USA), Ritsumeikan University (Japan), Konstanz Univ...

This article contributes to conceptualizations of financial literacy and subjectification. An important pivot for the dominant Foucauldian approach on financial subjectivity is the calculative device and the creation of informed savers and investors. The important move I make is to argue that the general conception of the calculative invoked in thi...

When, seven years ago, Marieke de Goede first drew attention to the historical and conceptual entanglements between the logics of finance and security, and to the artificial – yet meaningful – divide between the two in modernity, this was not merely a call for a new research programme. Attempting to hold together these two objects of disciplinary e...

This chapter argues that financial circulations are governed through a security logic that seeks to maintain what the philosopher Michel Foucault identified as vital circulatory processes. Such security is precisely a matter of both embracing and mitigating the future, neither pre-emptively ruling it out nor simply and fatalistically accepting what...

The scholarly consensus is that the regulatory response to the 2007-9 financial crisis has proven a historic missed opportunity for bringing about transformative reforms. This article argues that the critical evaluation risks missing how regulators’ new tools and procedures are helping them to improve the governance of financial institutions. The f...

This thesis is the first critical social scientific study of a central bank’s financial stability agenda,inthiscasetheBankofEngland. Thestudyisbroadlysituatedinatrajectoryofresearch into geographies of money and finance that is concerned with global financial processes, opening up the black box of institutional practices and the interaction between...

Theoretical Note: A Cultural Economy Approach to Performativity in Central Banking"The Lively Practices of Financial Stability. John Morris. 5/5/2015 Contributing to the current debate about financial performativity, this article seeks to explore the multiple and overlapping layers of performativity within central banking. The specific focus is...