Journal article
Economic geography of investment banking since 2008: the geography of shrinkage and shift
- Abstract:
- Investment bank capitalism might have foundered during the global financial crisis in 2008, but what has happened to investment banks? Our analysis reveals that core investment banking activities have experienced a significant contraction, accompanied by diminished institutional and geographical concentration. Large banks have experienced the largest falls in revenue and Asian banks have capitalised on the growth of their local capital markets. With direct access to the largest market in the world, US banks remain dominant globally, but their market shares have declined. Our results highlight the variegated nature of change underway in the global financial system, and its implications for geo-politics and geo-economics.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Files:
-
-
(Preview, Accepted manuscript, pdf, 217.6KB, Terms of use)
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- Publisher copy:
- 10.1080/00130095.2018.1448264
Authors
+ Hong Kong Research Grants Council
More from this funder
- Funding agency for:
- Wójcik, D
- Grant:
- T31-717/12-R
- Publisher:
- Taylor and Francis
- Journal:
- Economic Geography More from this journal
- Volume:
- 94
- Issue:
- 4
- Pages:
- 376-399
- Publication date:
- 2018-04-06
- Acceptance date:
- 2018-01-31
- DOI:
- EISSN:
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1944-8287
- ISSN:
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0013-0095
- Keywords:
- Pubs id:
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pubs:822403
- UUID:
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uuid:70b3123d-af24-4779-84e6-f65c2881d67d
- Local pid:
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pubs:822403
- Source identifiers:
-
822403
- Deposit date:
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2018-02-02
Terms of use
- Copyright holder:
- © 2018 Clark University
- Copyright date:
- 2018
- Notes:
- This is the accepted manuscript version of the article. The final version is available online from Taylor and Francis at: https://doi.org/10.1080/00130095.2018.1448264
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