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‘Amsterdamned’? The Uncertain Future of a Financial Centre


  • Ewald Engelen

    (Faculty of Human and Behavioral Sciences, Department of Geography and Planning, University of Amsterdam, Nwe. Prinsengracht 130, 1018 VZ Amsterdam, The Netherlands)


Much has been written about the spatial effects of the introduction of new information and communication technologies on the flows of finance. Some people conclude that place has become irrelevant, while others maintain that face-to-face relations will remain of the utmost importance. In a seminal paper, Clark and O'Connor have argued against the ‘end of geography’ thesis and have used information-related factors to hypothesize a complex division of financial labour over different spatial scales. In this paper, the case of Amsterdam during the 1990s is used to test the validity of the Clark-O'Connor framework. In the concluding section I suggest some amendments to make the framework more robust.

Suggested Citation

  • Ewald Engelen, 2007. "‘Amsterdamned’? The Uncertain Future of a Financial Centre," Environment and Planning A, , vol. 39(6), pages 1306-1324, June.
  • Handle: RePEc:sae:envira:v:39:y:2007:i:6:p:1306-1324
    DOI: 10.1068/a38208

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    References listed on IDEAS

    1. Joke Mooij & Henriette Prast, 2003. "A brief history of the institutional design of banking supervision in the Netherlands," Chapters, in: Thea Kuppens & Henriëtte Prast & Sandra Wesseling (ed.), Banking Supervision at the Crossroads, chapter 2, Edward Elgar Publishing.
    2. Walter Korpi, 2002. "The Great Trough in Unemployment: a Long-term View of Unemployment, Inflation, Strikes, and the Profit/Wage Ratio," Politics & Society, , vol. 30(3), pages 365-426, September.
    3. Clark, Gordon, 2000. "Pension Fund Capitalism," OUP Catalogue, Oxford University Press, number 9780199240487, Decembrie.
    4. Henriëtte Prast & Iman van Lelyveld, 2004. "New Architectures in the Regulation and Supervision of Financial Markets and Institutions: The Netherlands," DNB Working Papers 021, Netherlands Central Bank, Research Department.
    5. Lütz, Susanne, 2002. "Der Staat und die Globalisierung von Finanzmärkten: Regulative Politik in Deutschland, Großbritannien und den USA," Schriften aus dem Max-Planck-Institut für Gesellschaftsforschung Köln, Max Planck Institute for the Study of Societies, volume 43, number 43.
    6. Crepaz, Markus M. L., 2002. "Duane Swank, Global Capital, Political Institutions, and Policy Change in Developed Welfare States. Cambridge University Press, Cambridge, 2002," Journal of Public Policy, Cambridge University Press, vol. 22(01), pages 101-106, January.
    7. Swank,Duane, 2002. "Global Capital, Political Institutions, and Policy Change in Developed Welfare States," Cambridge Books, Cambridge University Press, number 9780521806688, November.
    8. Gordon L Clark & Paul Bennett, 2001. "Dutch Sector-Wide Supplementary Pensions: Fund Governance, European Competition Policy, and the Geography of Finance," Environment and Planning A, , vol. 33(1), pages 27-48, January.
    9. Swank,Duane, 2002. "Global Capital, Political Institutions, and Policy Change in Developed Welfare States," Cambridge Books, Cambridge University Press, number 9780521001441, November.
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    Cited by:

    1. Ewald Engelen & Sako Musterd, 2010. "Amsterdam in Crisis: How the (Local) State Buffers and Suffers," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 34(3), pages 701-708, September.
    2. Bas Karreman, 2009. "Financial Geographies And Emerging Markets In Europe," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 100(2), pages 260-266, April.
    3. Ewald Engelen, 2011. "Grasping the Spatial Paradoxes of Finance: Theoretical Lessons from the Case of Amsterdam," Chapters, in: Ben Derudder & Michael Hoyler & Peter J. Taylor & Frank Witlox (ed.), International Handbook of Globalization and World Cities, chapter 22, Edward Elgar Publishing.
    4. Degl'Innocenti, Marta & Grant, Kevin & Šević, Aleksandar & Tzeremes, Nickolaos G., 2018. "Financial stability, competitiveness and banks' innovation capacity: Evidence from the Global Financial Crisis," International Review of Financial Analysis, Elsevier, vol. 59(C), pages 35-46.
    5. James Faulconbridge & Sarah Hall, 2011. "Business Knowledges Within and Between the World City," Chapters, in: Ben Derudder & Michael Hoyler & Peter J. Taylor & Frank Witlox (ed.), International Handbook of Globalization and World Cities, chapter 20, Edward Elgar Publishing.
    6. Ewald Engelen & Martijn Konings & Rodrigo Fernandez, 2010. "Geographies of Financialization in Disarray: The Dutch Case in Comparative Perspective," Economic Geography, Clark University, vol. 86(1), pages 53-73, January.

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