Analysing the changing landscape of European financial centres: The role of financial products and the case of Amsterdam

James Faulconbridge*, Ewald Engelen, Michael Hoyler, Jonathan Beaverstock

*Corresponding author for this work

Research output: Contribution to journalArticle (Academic Journal)

56 Citations (Scopus)

Abstract

The turn of the twenty-first century saw the re-emergence of debates about the reconfiguration of European financial geographies and the role of stock exchange mergers in this process. There has been, however, no systematic attempt to date to analyse such changes. This paper proposes a specific conceptual framework to explore these issues. It uses a product-based analysis to examine, in the context of recent stock exchange mergers, the factors affecting the competitiveness of a financial centre. It argues that it is important to understand three intertwined influences-product complementarities, the nature of local epistemic communities, and regulation-and their contingent effects on change. This is exemplified by a tentative application of the framework to the case of Amsterdam in order to better understand its recent decline in competitiveness as a European financial centre.

Original languageEnglish
Pages (from-to)279-303
Number of pages25
JournalGrowth and Change
Volume38
Issue number2
Publication statusPublished - Jun 2007
EventAnnual Conference of the Royal-Geographical-Society/Institute-of-British-Geographers Conference - London, United Kingdom
Duration: 31 Aug 20052 Sep 2005

Keywords

  • HISTORICAL SOCIOLOGY
  • TACIT KNOWLEDGE
  • LONDON
  • GLOBALIZATION
  • GOVERNANCE
  • OWNERSHIP
  • FRANKFURT
  • ARBITRAGE
  • GEOGRAPHY
  • MARKETS

Cite this