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This chapter looks briefly at some of the factors involved in financial centre development and in the competition to be one of the leading, global financial centres. Overall, the conclusion which emerges is that the development of financial centres is an evolutionary process of strategically...
Persistent link: https://www.econbiz.de/10013134657
Financial globalization has gathered attention since the early 1990s because of its macro-financial and crisis implications and its perceived large expansion. But financial globalization has taken different forms over time. This paper examines two important concurrent dimensions of financial...
Persistent link: https://www.econbiz.de/10009632681
This paper analyses fundamental location factors for the financial industry by investigating the economic significance of market participants’ assessments of location factors and country-specific characteristics over time. A unique data set allows studying the locational attractiveness of...
Persistent link: https://www.econbiz.de/10009675313
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …
Persistent link: https://www.econbiz.de/10012975170
Financial globalization has gathered attention since the early 1990s because of its macro-financial and crisis implications and its perceived large expansion. But financial globalization has taken different forms over time. This paper examines two important concurrent dimensions of financial...
Persistent link: https://www.econbiz.de/10013065216
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …
Persistent link: https://www.econbiz.de/10012554536
that it will operate an independent legal regime based on the Common Law to regulate the legal relationships between market … participants. This feature sits well with the belief under the law and finance scholarship that legal institution is essential in … financial development, and the Common Law systems are capable of providing superior investor protection. The core structures of …
Persistent link: https://www.econbiz.de/10012896876
What role does polyarchy (and thus increased democracy) play in aiding the development of an international financial centre? We find support for decades of theorising that some jurisdictions use autocracy (less polyarchy) to help grow out their financial centres. We look at the growth of these...
Persistent link: https://www.econbiz.de/10011840627
helps foster changes in the law governing Going Out transactions – and as financial and legal advisors adapted their …
Persistent link: https://www.econbiz.de/10012856212
What role does polyarchy (and thus increased democracy) play in aiding the development of an international financial centre? We find support for decades of theorising that some jurisdictions use autocracy (less polyarchy) to help grow out their financial centres. We look at the growth of these...
Persistent link: https://www.econbiz.de/10012922744