|
EconStor >
Goethe-Universität Frankfurt am Main >
Fachbereich Wirtschaftswissenschaften, Universität Frankfurt a. M. >
Working Paper Series: Finance and Accounting, Universität Frankfurt a. M. >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/23441
|
| | |
| Title: | | Foreign banks? attraction to the financial centre Frankfurt: a "u"-shaped relationship  |
| Authors: | | Grote, Michael H. |
| Issue Date: | | 2007 |
| Series/Report no.: | | Working paper series / Johann-Wolfgang-Goethe-Universität Frankfurt am Main, Fachbereich Wirtschaftswissenschaften : Finance & Accounting 177 |
| Abstract: | | This paper traces the location of foreign banks in Germany from 1949 to 2006. As suggested by new economic geography models we find a ?u?-shaped concentration of foreign banks in Germany. Only after a competition between several cities, Frankfurt has emerged as the pre-eminent financial centre, triggered by the ?historical event? of setting up the German central bank in Frankfurt. After a strong increase, Frankfurt?s share in the location of foreign banks in Germany decreases slowly but significantly since the mid 1980?s. We conclude that there will be a lesser role in Europe for secondtier financial centres in the future. |
| Subjects: | | financial centres "u"-shape foreign banks Frankfurt |
| JEL: | | N94 R11 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series: Finance and Accounting, Universität Frankfurt a. M.
|
| Files in This Item:
| |
| File |
Description |
Size | Format |
| 1380.pdf | | 379.51 kB | Adobe PDF |
|
| No. of Downloads:
| |
Counter Stats
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/23441
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|