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The Location of International Financial Activity: An Interregional Analysis

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Author Info
Michael Goldberg
Robert Helsley
Maurice Levi

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Abstract

GOLDBERG M. A., HELSLEY R. W. and LEVI M. D. (1989) The location of international financial activity: an interregional analysis, Reg. Studies 23, 1--7. This paper examines the determinants of the spatial distribution of financial activity. The determinants of the sizes of the financial services sector are estimated using data for a sample of US states. Although our analysis is limited by the availability of data, the results are strong and clear. The level of international financial activity is positively and significantly related to per capita income, the level of imports, and the number of corporate headquarters. The results indicate that international trade is intensive in its use of financial services and that financial services tends to be exported along with goods. GOLDBERG M. A., HELSLEY R. W. et LEVI M. D. (1989) La localisation des opérations financières internationales: une analyse interrégionale, Reg. Studies 23, 1--7. Cet article examine les déterminants de la distribution géographique des opérations financières. A partir des données relatives à un échantillonnage des états aux E-U on évalue les déterminants de l'importance du secteur des services financiers. Bien que l'analyse soit limitée en fonction des données disponibles, les résultats sont puissants et clairs. L'ampleur des opérations financières internationales se rapporte de façon positive et sensible au revenu par tête, à l'importance des importations et au nombre de sièges, les résultats laissent supposer que le commerce international nécessite une utilisation intensive des services financiers, et que les opérations financières ont tendance à être exportées aussi bien que les biens d'exportation. GOLDBERG M. A., HELSLEY R. W. und LEVI M. D. (1989) Standorte internationaler Tätigkeit auf finanziellem Gebiet: eine interregionale Analyse, Reg. Studies 23, 1--7 Dieser Aufsatz untersucht die bestimmenden Faktoren der räumlichen Verteilung der Tätigkeit auf finanziellem Gebiet. Die bestimmenden Faktoren der Grössen des finanziellen Dienstleistungssektors werden mit Hilfe von Daten einer Auswahl von Staaten der USA geschätzt. Obwohl unsere Analyse durch die Verfügbarkeit von Daten beschränkt ist, treten die Ergebnisse doch kräftig und klar heraus. Der Umfang internationaler Tätigkeit auf finanziellem Gebiet steht in positiver und bedeutsamer Beziehung zum Einkommen pro Kopf, dem Umfang der Einfuhren und der Anzahl der Hauptgeschäftsstellen von Unternehmen. Die Ergebnisse weisen darauf hin, dass der internationale Handel sich intensiv finanzieller Dienstleistungen bedient, und dass Güterausfuhr meist vom Export finanzieller Tätigkeit begleitet wird.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Regional Studies.

Volume (Year): 23 (1989)
Issue (Month): 1 (February)
Pages: 1-7
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Handle: RePEc:taf:regstd:v:23:y:1989:i:1:p:1-7

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Related research
Keywords: International financial activity; Spatia; US states; Bank deposits; Location;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Monti, Antonio, 1982. "Recent trends in international banking," Journal of Banking & Finance, Elsevier, vol. 6(3), pages 389-399, September. [Downloadable!] (restricted)
  2. Gray, Jean M. & Gray, H. Peter, 1981. "The multinational bank: A financial MNC?," Journal of Banking & Finance, Elsevier, vol. 5(1), pages 33-63, March. [Downloadable!] (restricted)
  3. Goldberg, Lawrence G. & Saunders, Anthony, 1981. "The determinants of foreign banking activity in the United States," Journal of Banking & Finance, Elsevier, vol. 5(1), pages 17-32, March. [Downloadable!] (restricted)
  4. Ball, Clifford A. & Tschoegl, Adrian E., 1982. "The Decision to Establish a Foreign Bank Branch or Subsidiary: An Application of Binary Classification Procedures," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 17(03), pages 411-424, September. [Downloadable!]
  5. Goldberg, Lawrence G & Saunders, Anthony, 1980. "The Causes of U.S. Bank Expansion Overseas: The Case of Great Britain," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 630-43, November. [Downloadable!] (restricted)
  6. Aliber, Robert Z, 1984. "International Banking: A Survey," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(4), pages 661-78, November. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Cynthia Tori & Scott Tori, 2001. "Exchange market pressure, trade, sovereign credit ratings, and U.S. exports in banking services," Atlantic Economic Journal, International Atlantic Economic Society, vol. 29(1), pages 48-62, March. [Downloadable!] (restricted)
  2. Iain Begg, 1993. "The Service Sector in Regional Development," Regional Studies, Taylor and Francis Journals, vol. 27(8), pages 817-825, January. [Downloadable!] (restricted)
  3. Iain Begg, 1992. "The Spatial Impact of Completion of the EC Internal Market for Financial Services," Regional Studies, Taylor and Francis Journals, vol. 26(4), pages 333-347, January. [Downloadable!] (restricted)
  4. Adam Tickell, 1994. "Banking on Britain? The Changing Role and Geography of Japanese Banks in Britain," Regional Studies, Taylor and Francis Journals, vol. 28(3), pages 291-304, June. [Downloadable!] (restricted)
  5. Adrian E. Tschoegl, 1997. "Entry and Survival: The Case of Foreign Banks in Norway," Center for Financial Institutions Working Papers 97-40, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
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