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...

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...

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...