Centralisation in international financial intermediation: theory, practice, and evidence for the European Community
DOI:
https://doi.org/10.13133/2037-3643/10633Keywords:
Financial centres, centralisationAbstract
The location of international financial centres is examined as a way by which financial intermediaries attempt to overcome geographical dimension as a kind of market imperfection. Economic factors that relate to financial intermediation are investigated as causal factors in the centralisation pattern observable in international financial intermediation. The first part of the paper deals with theoretical and conceptual issues, and the second part addresses the empirical evidence.
JEL: G10
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