From Periphery to Financial Centre
The Swedish financial market has evolved from being small and insignificant to becoming highly developed, developing from the bottom to the elite among markets. One reason for why Swedish financial markets grew exponentially during the 1980s and 90s is the process of deregulation all over the Western world. During recent decades public attitudes have evolved toward support for financial markets. This article criticises rationalist explanations with examples from a particular business sector, attending to the institutional construction of an environment around an industry. Account is taken of impulses both from foreign markets to the financial market of Stockholm, and of influence from society to markets.
|Date of creation:||07 Jul 2003|
|Date of revision:||01 Aug 2003|
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- Stephen Knack & Philip Keefer, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1251-1288.
- Gordon L. Clark, 2002. "London in the European financial services industry: locational advantage and product complementarities," Journal of Economic Geography, Oxford University Press, vol. 2(4), pages 433-453, October.
- Michael H. Grote, 2002. "A value chain approach to financial centres - The case of Frankfurt," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 93(4), pages 412-423, 09.
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