Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/23441
Authors: 
Grote, Michael H.
Year of Publication: 
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

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