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European Capital Markets Werner G. Seifert

European Capital Markets

Werner G. Seifert

Published August 5th 2000
ISBN : 9780312233822
Hardcover
147 pages
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 About the Book 

The authors present a comprehensive set of performance measures for financial centers, and compares the competitive positions of Frankfurt, London, and Paris. London appears to be ahead in most product areas. Interestingly, its strength appears to beMoreThe authors present a comprehensive set of performance measures for financial centers, and compares the competitive positions of Frankfurt, London, and Paris. London appears to be ahead in most product areas. Interestingly, its strength appears to be growing rapidly in the highly commoditized, low margin areas of business such as forex trading. The authors conclude that London s source of strength is beginning to be undermined, but that it is unlikely that either Frankfurt or Paris will overtake London anytime soon. The citys strength is unlikely to be undermined by decisions to opt in or out of EMU.