IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v39y2007i6p1306-1324.html
   My bibliography  Save this article

‘Amsterdamned’? The Uncertain Future of a Financial Centre

Author

Listed:
  • Ewald Engelen

    (Faculty of Human and Behavioral Sciences, Department of Geography and Planning, University of Amsterdam, Nwe. Prinsengracht 130, 1018 VZ Amsterdam, The Netherlands)

Abstract

Much has been written about the spatial effects of the introduction of new information and communication technologies on the flows of finance. Some people conclude that place has become irrelevant, while others maintain that face-to-face relations will remain of the utmost importance. In a seminal paper, Clark and O'Connor have argued against the ‘end of geography’ thesis and have used information-related factors to hypothesize a complex division of financial labour over different spatial scales. In this paper, the case of Amsterdam during the 1990s is used to test the validity of the Clark-O'Connor framework. In the concluding section I suggest some amendments to make the framework more robust.

Suggested Citation

  • Ewald Engelen, 2007. "‘Amsterdamned’? The Uncertain Future of a Financial Centre," Environment and Planning A, , vol. 39(6), pages 1306-1324, June.
    • Handle: RePEc:sae:envira:v:39:y:2007:i:6:p:1306-1324
    DOI: 10.1068/a38208
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a38208
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a38208?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Joke Mooij & Henriette Prast, 2003. "A brief history of the institutional design of banking supervision in the Netherlands," Chapters, in: Thea Kuppens & Henriëtte Prast & Sandra Wesseling (ed.), Banking Supervision at the Crossroads, chapter 2, Edward Elgar Publishing.
    2. Walter Korpi, 2002. "The Great Trough in Unemployment: a Long-term View of Unemployment, Inflation, Strikes, and the Profit/Wage Ratio," Politics & Society, , vol. 30(3), pages 365-426, September.
    3. Clark, Gordon, 2000. "Pension Fund Capitalism," OUP Catalogue, Oxford University Press, number 9780199240487.
    4. Crepaz, Markus M. L., 2002. "Duane Swank, Global Capital, Political Institutions, and Policy Change in Developed Welfare States. Cambridge University Press, Cambridge, 2002," Journal of Public Policy, Cambridge University Press, vol. 22(01), pages 101-106, January.
    5. Gordon L Clark & Paul Bennett, 2001. "Dutch Sector-Wide Supplementary Pensions: Fund Governance, European Competition Policy, and the Geography of Finance," Environment and Planning A, , vol. 33(1), pages 27-48, January.
    6. Swank,Duane, 2002. "Global Capital, Political Institutions, and Policy Change in Developed Welfare States," Cambridge Books, Cambridge University Press, number 9780521001441, September.
    7. Henriëtte Prast & Iman van Lelyveld, 2004. "New Architectures in the Regulation and Supervision of Financial Markets and Institutions: The Netherlands," DNB Working Papers 021, Netherlands Central Bank, Research Department.
    8. Lütz, Susanne, 2002. "Der Staat und die Globalisierung von Finanzmärkten: Regulative Politik in Deutschland, Großbritannien und den USA," Schriften aus dem Max-Planck-Institut für Gesellschaftsforschung Köln, Max Planck Institute for the Study of Societies, volume 43, number 43.
    9. Swank,Duane, 2002. "Global Capital, Political Institutions, and Policy Change in Developed Welfare States," Cambridge Books, Cambridge University Press, number 9780521806688, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ewald Engelen & Sako Musterd, 2010. "Amsterdam in Crisis: How the (Local) State Buffers and Suffers," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 34(3), pages 701-708, September.
    2. Bas Karreman, 2009. "Financial Geographies And Emerging Markets In Europe," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 100(2), pages 260-266, April.
    3. Ewald Engelen, 2011. "Grasping the Spatial Paradoxes of Finance: Theoretical Lessons from the Case of Amsterdam," Chapters, in: Ben Derudder & Michael Hoyler & Peter J. Taylor & Frank Witlox (ed.), International Handbook of Globalization and World Cities, chapter 22, Edward Elgar Publishing.
    4. Degl'Innocenti, Marta & Grant, Kevin & Šević, Aleksandar & Tzeremes, Nickolaos G., 2018. "Financial stability, competitiveness and banks' innovation capacity: Evidence from the Global Financial Crisis," International Review of Financial Analysis, Elsevier, vol. 59(C), pages 35-46.
    5. James Faulconbridge & Sarah Hall, 2011. "Business Knowledges Within and Between the World City," Chapters, in: Ben Derudder & Michael Hoyler & Peter J. Taylor & Frank Witlox (ed.), International Handbook of Globalization and World Cities, chapter 20, Edward Elgar Publishing.
    6. Ewald Engelen & Martijn Konings & Rodrigo Fernandez, 2010. "Geographies of Financialization in Disarray: The Dutch Case in Comparative Perspective," Economic Geography, Clark University, vol. 86(1), pages 53-73, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Molinder, Jakob & Karlsson, Tobias & Enflo, Kerstin, 2022. "Social democracy and the decline of strikes," Explorations in Economic History, Elsevier, vol. 83(C).
    2. Niamh Hardiman, 2007. "Governing the Economy," Working Papers 200739, Geary Institute, University College Dublin.
    3. Thibault Darcillon, 2013. "What Causes Labor-Market Volatility? The Role of Finance and Welfare State Institutions," Post-Print halshs-00881198, HAL.
    4. Enflo, Kerstin & Molinder, Jakob & Karlsson, Tobias, 2018. "The Power Resource Theory Revisited: What Explains the Decline in Industrial Conflicts in Sweden?," CEPR Discussion Papers 13130, C.E.P.R. Discussion Papers.
    5. Rixen, Thomas, 2008. "Politicization and institutional (non-) change in international taxation [Politisierung und institutioneller (Nicht-)Wandel des internationalen Steuerregimes]," Discussion Papers, Research Unit: Global Governance SP IV 2008-306, WZB Berlin Social Science Center.
    6. Jon Olaskoaga-Larrauri & Ricardo Aláez-Aller & Pablo Díaz-de-Basurto, 2010. "Retrenchment or Resilience? New Evidence on Relative Social Expenditure Trends," Environment and Planning C, , vol. 28(5), pages 923-942, October.
    7. Molana, Hassan & Montagna, Catia, 2006. "Aggregate scale economies, market integration, and optimal welfare state policy," Journal of International Economics, Elsevier, vol. 69(2), pages 321-340, July.
    8. Xiao Tan, 2017. "Explaining provincial government health expenditures in China: evidence from panel data 2007–2013," China Finance and Economic Review, Springer, vol. 5(1), pages 1-21, December.
    9. Özlem Onaran & Valerie Boesch, 2014. "The Effect of Globalization on the Distribution of Taxes and Social Expenditures in Europe: Do Welfare State Regimes Matter?," Environment and Planning A, , vol. 46(2), pages 373-397, February.
    10. Hallerberg, Mark & Scartascini, Carlos, 2017. "Explaining changes in tax burdens in Latin America: Do politics trump economics?," European Journal of Political Economy, Elsevier, vol. 48(C), pages 162-179.
    11. Guerguil, Martine & Mandon, Pierre & Tapsoba, René, 2017. "Flexible fiscal rules and countercyclical fiscal policy," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 189-220.
    12. Vikas Dixit, 2014. "Relation between Trade Openness, Capital Openness and Government Size in India," Foreign Trade Review, , vol. 49(1), pages 1-29, February.
    13. Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," CERDI Working papers halshs-01015756, HAL.
    14. Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," Working Papers halshs-01015760, HAL.
    15. Robert Andersen & M. McIvor, 2013. "GINI Country Report: Growing Inequalities and their Impacts in Canada," GINI Country Reports canada, AIAS, Amsterdam Institute for Advanced Labour Studies.
    16. Åsa Hansson & Susan Porter & Susan Williams, 2015. "The importance of the political process on corporate tax policy," Constitutional Political Economy, Springer, vol. 26(3), pages 281-306, September.
    17. Antonio Sciala' & Paolo Liberati, 2008. "The impact of economic openness on the vertical structure of the public sector," "Marco Fanno" Working Papers 0085, Dipartimento di Scienze Economiche "Marco Fanno".
    18. Fleckenstein, Timo & Lee, Soohyun Christine, 2017. "The politics of labor market reform in coordinated welfare capitalism: comparing Sweden, Germany, and South Korea," LSE Research Online Documents on Economics 68210, London School of Economics and Political Science, LSE Library.
    19. repec:aia:aiaswp:wp59 is not listed on IDEAS
    20. Vincent Mahler, 2006. "Electoral Turnout and Income Redistribution by the State: A Cross-National Analysis of the Developed Democracies," LIS Working papers 455, LIS Cross-National Data Center in Luxembourg.
    21. Fischer Yannick, 2020. "Basic Income, Labour Automation and Migration – An Approach from a Republican Perspective," Basic Income Studies, De Gruyter, vol. 15(2), pages 1-034, December.

    More about this item

    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:sae:envira:v:39:y:2007:i:6:p:1306-1324. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: SAGE Publications (email available below). General contact details of provider: .

    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.