The correlates of international financial‐center status | Zendy

Eichengreen Barry | Zendy; Shah Nachiket | Zendy

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The correlates of international financial‐center status

Author(s) -

Eichengreen Barry,

Shah Nachiket

Publication year - 2020

Publication title -

review of international economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.513

H-Index - 58

eISSN - 1467-9396

pISSN - 0965-7576

DOI - 10.1111/roie.12441

Subject(s) - openness to experience , transparency (behavior) , financial stability , economics , point (geometry) , finance , financial system , international finance , government (linguistics) , flexibility (engineering) , business , political science , management , psychology , social psychology , linguistics , philosophy , geometry , mathematics , law

We consider the correlates of international financial‐center status. Our estimates point to the flexibility, transparency, and stability of the economic and social environment as determinants of financial center‐status. They point also to roles for monetary and financial stability, financial openness, financial scale and development, technology and size of government. We draw out the implications of this analysis for the future prospects of actual and aspiring international financial centers such as London, New York, and Shanghai.

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