IDEAS home Printed from https://ideas.repec.org/a/nwe/iisabg/y2019i2p5-20.html
   My bibliography  Save this article

Financial Centers in Europe – What is the Perspective?

Author

Listed:
  • Iordanka Stateva

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Following Britain’s decision to leave the European Union, a new situation has emerged, where smaller European financial centers are seeking to attract, in practice to deprive London of at least a part of its financial business. The main competitors in this respect are Frankfurt, Paris, Luxembourg, Dublin and Amsterdam. The result most probably will be a network of smaller financial centers, which as a whole is meant to substitute London, leaving the Union. This means fragmentation of the financial services industry, leaving the EU without a financial center of global dimensions and scope like London in the foreseeable future. The most important question concerns the competitive power of the EU’s financial industry without London and it, to the greatest extent, depends on financial technology and innovations.

Suggested Citation

  • Iordanka Stateva, 2019. "Financial Centers in Europe – What is the Perspective?," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 5-20, June.
    • Handle: RePEc:nwe:iisabg:y:2019:i:2:p:5-20
    as

    Download full text from publisher

    File URL: https://www.unwe.bg/uploads/Alternatives/Stateva1_Alternativi_BG_br_2_2019.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    financial center; euro clearing;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:iisabg:y:2019:i:2:p:5-20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.