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and different local subcentres in Germany on the other. That is, Frankfurt must fear to lose business to London and/or to …
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In this paper an index of financial competitiveness is calculated that corresponds to the market-to-book ratio of inward FDI stocks. For a panel of five advanced economies from 1980 to 2006 it is shown that price competitiveness, stable inflation rates and registered patents have a positive...
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