Methodological and Theoretical Approaches to the Study of Financial Centers
Abstract
The central category of analysis of the capitals of capital is the fi nancial intermediation. To understand how and why financial institutions have chosen certain cities for their headquarters and principal places of business and decide how cities turned into financial centers, the author specifi es the concept of “financial intermediation”. In the theory of financial intermediation, we do ascent from “individual” to “collective” intermediation and introduce the geographical aspect. Theory of financial centers intends to transform finance from the study of abstract monetary funds or a very specific financial products associated with the various institutions and markets, to explore their spatial location, urban mechanisms of attraction and repulsion of capital.
Keywords:
world financial centers, financial intermediation, financial market, globalization
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Translation of references in Russian into English
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Published
2013-06-28
How to Cite
Ключников, И. К. (2013). Methodological and Theoretical Approaches to the Study of Financial Centers. St Petersburg University Journal of Economic Studies, (2), 063–078. Retrieved from https://economicsjournal.spbu.ru/article/view/2171
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Finance, Credit, Insurance
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.
