Financial Institutions in the Global Financial Crisis

Li, Shaofang

doi:10.1007/978-981-10-7440-0

2018

DOI: 10.1007/978-981-10-7440-0

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Financial Institutions in the Global Financial Crisis

Shaofang Li

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Cited by 3 publications

References 150 publications

(212 reference statements)

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Investment banking centres since the global financial crisis: New typology, ranking and trends

et al. 2018

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Financial centres are central to contemporary capitalism, but research on their development has been impeded by methodological challenges related to data availability. This paper offers a new typology of financial centre activity. Based on the nationality of parent companies of financial service providers operating in a centre, and the nationalities of their customers, we distinguish between domestic, export, import and platform activities. Second, we compile a unique dataset of investment banking deals worldwide, which allows us to apply the new typology and introduce the first ever ranking of top financial centres based on the actual investment banking activity conducted in these centres. Our findings confirm the dominance of New York and London as global financial centres, with New York focused on domestic activities, and London on export and platform activities. Our data also show that, overall, investment banking activity has fallen dramatically since 2007, with 60% of the decline concentrated in New York, and a further 30% in Zurich, London, Frankfurt, Amsterdam and Edinburgh combined. As a result, the dominance of investment banking by New York and London has diminished, contributing to a trend that predates the crisis, explainable by the increasing shares of Asian centres, with Tokyo and Chinese cities in the lead.

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Investment banking centres since the global financial crisis: New typology, ranking and trends

et al. 2018

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Towards an economic geography of FinTech

Lai

Samers

2020

Progress in Human Geography

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In this paper, we identify the ways in which the existing literature has examined financial technology (FinTech). Using the frame of the ‘FinTech Cube’, we examine how FinTech unfolds through the intersections of key actors, technologies and institutions. We demonstrate the relevance of FinTech for two areas of geographical enquiry: i) the reshaping of global production and financial networks, and ii) financial inclusion and poverty reduction in poorer countries. In doing so, we accord particular attention to the significance of FinTech for theoretical and empirical research in economic geography.

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Financial geography I: The state-finance nexus

Lai

2023

Progress in Human Geography

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In the first of my reports on financial geography, I focus on a growing body of work that engages with the state as a vital and strategic actor in financial markets and in the global economy. After the 2008 global financial crisis, austerity measures and impacts on public finance have reshaped local-central government relationships with increasing use of financial instruments and market solutions. The growing prominence of sovereign wealth funds, shifting roles of national development banks and central banks, and impacts of currency internationalisation are raising questions about new forms of financial statecraft and opportunities for changing configurations of global hegemony. Taken together, a renewed engagement with a political economic lens and focus on state-finance relations illuminate the changing positionalities of economies and financial actors in the spatial organisation of international financial and monetary relations.

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Financial Institutions in the Global Financial Crisis

Cited by 3 publications

References 150 publications

Investment banking centres since the global financial crisis: New typology, ranking and trends

Investment banking centres since the global financial crisis: New typology, ranking and trends

Towards an economic geography of FinTech

Financial geography I: The state-finance nexus

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