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Will Brexit dwarf London's competitiveness as a financial centre?

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  • Demary, Markus
  • Voigtländer, Michael

Abstract

The British referendum might be a game changer for financial centres competitiveness. The City of London might lose business after Brexit as the United Kingdom loses access to the European Union's (EU) single market. But London might stay competitive as a global offshore financial centre as long it is able to attract talented people. However, its ability to attract business by deregulation is limited. This is an opportunity for Frankfurt to become the EU's leading financial centre.

Suggested Citation

  • Demary, Markus & Voigtländer, Michael, 2016. "Will Brexit dwarf London's competitiveness as a financial centre?," IW-Kurzberichte 50.2016, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    • Handle: RePEc:zbw:iwkkur:502016
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