Stock exchange virtualisation and the decline of second-tier financial centres--the cases of Amsterdam and Frankfurt
Year: 2009
Type: article
Abstract: International financial centres used to be stable economic clusters held together by the centripetal forces emanating from physical exchanges. However, given near complete ‘virtualisation’, these ‘anchors’ have gradually disappeared. As this article demonstrates, this has had telling consequences for second-tier financial centres like Amsterdam and Frankfurt. Empirically, the article adds cases of financial centre decline to the existing collection of case descriptions. Theoretically, the article assesses the explanatory capacity of the combination of two complementary theoretical perspectives, New Economic Geography and Comparative Political Economy, by determining to what extent they fit the two case studies.
Source: Journal of Economic Geography
DOI: 10.1093/jeg/lbp027
Authors: E. Engelen, M. H. Grote
Language: English
Subfield: Urban Studies
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1965351802