Characteristics of International Financial Centres

Joe Falzon

Chapter 10 in Bank Strategies and Challenges in the New Europe, 2001, pp 193-200 from Palgrave Macmillan

Abstract: Abstract International financial centres have become increasingly more important in the world financial system because they have contributed to the explosive growth in the volume of international financial transactions witnessed in the 1980s and 1990s. They can be classified and distinguished in terms of historical growth, regional influence, number of international banks located and volume of international transactions generated. However, in spite of these apparent differences, there seem to be underlying common characteristics that can help explain the growth and development of these international financial centres.

Keywords: External Economy; World Centre; Retail Activity; Bank Strategy; Underlying Force (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-99276-0_10

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DOI: 10.1057/9780333992760_10

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