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The End of Investment Bank Capitalism? An Economic Geography of Financial Jobs and Power.

Abstract:

This article investigates employment patterns, remuneration, and power relations in the U.S. financial sector between 1978 and 2008. It demonstrates that investment banking has played a central part in the securities industry, which has been by far the most expansive segment of the U.S. financial sector and a significant contributor to growing income inequality. The power of investment banking has risen over the past 30 years under the conditions of the growing demand for investment services,...

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Journal:
Economic Geography
Publication date:
2012-01-01
DOI:
URN:
uuid:bab7006a-2f11-4d15-9b79-3535be1eab8d
Local pid:
oai:economics.ouls.ox.ac.uk:15412
Language:
English

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