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Title: Goodbye Reykjavik: international banking centres and the global financial crisis
Authors: Derudder, Ben
Hoyler, Michael
Taylor, Peter J.
Keywords: Financial crisis
Global economy
The Banker
International banking centres
Issue Date: 2011
Publisher: Blackwell Publishing (© The authors / Royal Geographical Society (with the Institute of British Geographers))
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.
Abstract: 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.
Description: 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/
Version: Accepted for publication
DOI: 10.1111/j.1475-4762.2010.00968.x
URI: https://dspace.lboro.ac.uk/2134/8385
Publisher Link: http://dx.doi.org/10.1111/j.1475-4762.2010.00968.x
ISSN: 1475-4762
0004-0894
Appears in Collections:Published Articles (Geography)

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