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From Periphery to Financial Centre

Author

Listed:
  • Norberg, Peter

    (Dept. of Business Administration, Stockholm School of Economics)

Abstract

The Swedish financial market has evolved from being small and insignificant to becoming highly developed, developing from the bottom to the elite among markets. One reason for why Swedish financial markets grew exponentially during the 1980s and 90s is the process of deregulation all over the Western world. During recent decades public attitudes have evolved toward support for financial markets. This article criticises rationalist explanations with examples from a particular business sector, attending to the institutional construction of an environment around an industry. Account is taken of impulses both from foreign markets to the financial market of Stockholm, and of influence from society to markets.

Suggested Citation

  • Norberg, Peter, 2003. "From Periphery to Financial Centre," SSE/EFI Working Paper Series in Business Administration 2003:11, Stockholm School of Economics, revised 13 Dec 2005.
    • Handle: RePEc:hhb:hastba:2003_011
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    References listed on IDEAS

    as
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    3. Michael H. Grote & Vivien Lo & Sofia Harrschar–Ehrnborg, 2002. "A value chain approach to financial centres – The case of Frankfurt," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 93(4), pages 412-423, September.
    4. Kevin Morgan, 2004. "The exaggerated death of geography: learning, proximity and territorial innovation systems," Journal of Economic Geography, Oxford University Press, vol. 4(1), pages 3-21, January.
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