Resource title

Foreign banks? attraction to the financial centre Frankfurt: a "u"-shaped relationship

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Resource description

This paper traces the location of foreign banks in Germany from 1949 to 2006. As suggested by new economic geography models we find a ?u?-shaped concentration of foreign banks in Germany. Only after a competition between several cities, Frankfurt has emerged as the pre-eminent financial centre, triggered by the ?historical event? of setting up the German central bank in Frankfurt. After a strong increase, Frankfurt?s share in the location of foreign banks in Germany decreases slowly but significantly since the mid 1980?s. We conclude that there will be a lesser role in Europe for secondtier financial centres in the future.

Resource author

Michael H. Grote

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/23441

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Adapt according to the presented license agreement and reference the original author.