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International Financial Centres after the Global Financial Crisis and Brexit (Hardcover)
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International Financial Centres after the Global Financial Crisis and Brexit (Hardcover)
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As well as marking the tenth anniversary of the collapse of Lehman
Brothers and the consequent unleashing of the global financial
crisis, 2018 is also the year of negotiations on the terms of the
UK's exit from the European Union. Within a decade the banking
world has witnessed two epochal events with potential to redraw the
map of international financial centres: but how much has this map
actually changed since 2008, and how is it likely to change in the
near future? International Financial Centres after the Global
Financial Crisis and Brexit gathers together leading economic
historians, geographers, and other social scientists to focus on
the post-2008 developments in key international financial centres.
It focuses on the shifting hierarchies of New York, London, Paris,
Geneva, Zurich, Frankfurt, Singapore, Hong Kong, Beijing, Shanghai,
and Tokyo to question whether Asian financial centres have taken
advantage of the crisis in the West. It also examines the
medium-effects of the crisis, the level of regulation, and the rise
of new technology (fintech). By exploring these crucial changes, it
questions whether shifts in the financial industry and the global
landscape will render these centres unnecessary for the functioning
of the global economy, and which cities are likely to emerge as
hubs of new financial technology.
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