Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - London and Frankfurt in Europe�s evolving financial centre network.
AU - Faulconbridge, James R
N1 - The definitive version is available at www.blackwell-synergy.com (c) Blackwell 2004.
PY - 2004/10
Y1 - 2004/10
N2 - The launch of the Euro and the location of the European Central Bank in Frankfurt was initially seen as a threat to London�s pre-eminent position in European financial geographies. This paper explains why this was in fact not the case. The paper is therefore divided into two sections. Firstly it reviews the literatures that help to explain financial geographies. It is argued that we need to move away from investigating attribute properties such as financial turnover and instead examine the role of networks and interdependencies in producing financial geographies. Secondly, it identifies London�s dominance and Frankfurt�s growth as a complementary centre through quantitative analysis and then explains how European networks and interdependencies produce this based on insights from interviews with investment bankers and insurance institution workers in the two cities.
AB - The launch of the Euro and the location of the European Central Bank in Frankfurt was initially seen as a threat to London�s pre-eminent position in European financial geographies. This paper explains why this was in fact not the case. The paper is therefore divided into two sections. Firstly it reviews the literatures that help to explain financial geographies. It is argued that we need to move away from investigating attribute properties such as financial turnover and instead examine the role of networks and interdependencies in producing financial geographies. Secondly, it identifies London�s dominance and Frankfurt�s growth as a complementary centre through quantitative analysis and then explains how European networks and interdependencies produce this based on insights from interviews with investment bankers and insurance institution workers in the two cities.
KW - International financial centre network
KW - Europe
KW - Interviews
KW - Financial geographies
KW - London
KW - Frankfurt.
U2 - 10.1111/j.0004-0894.2004.00220.x
DO - 10.1111/j.0004-0894.2004.00220.x
M3 - Journal article
VL - 36
SP - 235
EP - 244
JO - Area
JF - Area
SN - 1475-4762
IS - 3
ER -