National and global competitiveness of New York City as a financial center
Author: Walter, Ingo ; Saunders, A.INSEAD Area: Economics and Political Science Series: Working Paper ; 91/38/EPS Publisher: Fontainebleau : INSEAD, 1991.Language: EnglishDescription: 70 p.Type of document: INSEAD Working Paper Online Access: Click here Abstract: Reconfiguration of banking and finance has, in the 1980s and 1990s led to active competition among financial centres for the value added, employment, income and other gains associated with economic growth. In Europe, financial centres such as London, Frankfurt, Zurich, Paris, Luxembourg and Amsterdam are battling for a major share of financial value-added, and all perceive of themselves as viable players at the end of the century. Only some will succeed. On a broader scale, the European centres are competing with New York, Tokyo and several others markets for wholesale or niche-type financial activities. At the same time, major structural changes are occurring in the financial markets that increase the mobility of various kinds of activities, mainly due to technological change. Back-office functions need no longer take place near financial centres and, indeed, can be outsourced to independent vendors..| Item type | Current location | Collection | Call number | Status | Date due | Barcode | Item holds |
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Digital Library | Available | BC000850 |
Reconfiguration of banking and finance has, in the 1980s and 1990s led to active competition among financial centres for the value added, employment, income and other gains associated with economic growth. In Europe, financial centres such as London, Frankfurt, Zurich, Paris, Luxembourg and Amsterdam are battling for a major share of financial value-added, and all perceive of themselves as viable players at the end of the century. Only some will succeed. On a broader scale, the European centres are competing with New York, Tokyo and several others markets for wholesale or niche-type financial activities. At the same time, major structural changes are occurring in the financial markets that increase the mobility of various kinds of activities, mainly due to technological change. Back-office functions need no longer take place near financial centres and, indeed, can be outsourced to independent vendors..
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