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Characteristics of International Financial Centres

In: Bank Strategies and Challenges in the New Europe

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  • Joe Falzon

Abstract

International financial centres have become increasingly more important in the world financial system because they have contributed to the explosive growth in the volume of international financial transactions witnessed in the 1980s and 1990s. They can be classified and distinguished in terms of historical growth, regional influence, number of international banks located and volume of international transactions generated. However, in spite of these apparent differences, there seem to be underlying common characteristics that can help explain the growth and development of these international financial centres.

Suggested Citation

  • Joe Falzon, 2001. "Characteristics of International Financial Centres," Palgrave Macmillan Books, in: Edward P. M. Gardener & Peter C. Versluijs (ed.), Bank Strategies and Challenges in the New Europe, chapter 10, pages 193-200, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-99276-0_10
    DOI: 10.1057/9780333992760_10
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