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Goodbye Reykjavik: international banking centres and the global financial crisis

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journal contribution
posted on 2011-05-19, 10:33 authored by Ben Derudder, Michael HoylerMichael Hoyler, Peter J. Taylor
This empirical paper analyses how leading international banking centres (IBCs) have been faring under the 2008 global financial crisis. We aggregate data derived from The Banker’s annual list of the world’s leading banks at the city level to map changing levels of Tier 1 capital between 2007 and 2008 and returns on capital in 2008. The results point to a general but nonetheless variegated shift ‘from West to East’ in the world of IBCs. The paper concludes with a brief review of the implications for future research on financial geographies in general and the geographies of the financial crisis in particular.

History

School

  • Social Sciences

Department

  • Geography and Environment

Citation

DERUDDER, B., HOYLER, M. and TAYLOR, P., 2011. Goodbye Reykjavik: international banking centres and the global financial crisis. Area, 43 (2), pp. 173-182.

Publisher

Blackwell Publishing (© The authors / Royal Geographical Society (with the Institute of British Geographers))

Version

  • AM (Accepted Manuscript)

Publication date

2011

Notes

This article was accepted for publication in the journal, Area [© The authors / Royal Geographical Society (with the Institute of British Geographers)] and the definitve version is available at: http://onlinelibrary.wiley.com/

ISSN

1475-4762;0004-0894

Language

  • en

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