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The importance of stock markets for the future of financial centres

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  • Michel Didier

Abstract

[eng] History shows us that financial centers are rather largely constructed around stock exchanges, thus suggesting that the existence of an organized stock market plays a determining role in the development of a financial center. But is it a question of an incidental encounter or of a strong and necessary link ? We hold that the link still exists today but that it has profoundly changed in its nature. It should be considered today as a network system with preferential connections of mutual interactions. . JEL classification : G18, R11

Suggested Citation

  • Michel Didier, 2006. "The importance of stock markets for the future of financial centres," Revue d'Économie Financière, Programme National Persée, vol. 82(1), pages 107-111.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2006_num_82_1_4440
    DOI: 10.3406/ecofi.2006.4440
    Note: DOI:10.3406/ecofi.2006.4440
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    References listed on IDEAS

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    1. Sofia B. Ramos, 2003. "Competition Between Stock Exchanges: A Survey," FAME Research Paper Series rp77, International Center for Financial Asset Management and Engineering.
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    More about this item

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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