MIRANDO NAS CONSTELAÇÕES DO DINHEIRO
uma nova perspectiva para compreender os fluxos de capital no espaço
DOI:
https://doi.org/10.12957/geouerj.2025.91656Keywords:
financial geography; following the money; asset managers; capital flows; financial industry.Abstract
This essay aims to critically examine the “following the money” methodology, recognizing that studies on money flows often overlook a critical perspective on the processes and practices that shape them. The theoretical-analytical framework centered on money constellations is our contribution to the ongoing debate on how to study capital flows under asset management capitalism. Rather than focusing solely on mapping, we propose an analytical lens that explores how and why mapped capital flows are formed and constantly evolving. This framework emerges from the need to incorporate qualitative research to uncover the shifting relationships among the actors actively involved in constructing these flows. The analytical model encompasses three interconnected stages: the pooling of capital from potential investors; the management routines and practices that shape investment preferences; and the channeling of money into real-economy assets. We conclude by highlighting the opportunity to develop this framework into a broader theory of capital flows across space within the field of financial geography.
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