Stock exchange virtualisation and the decline of second-tier financial centres--the cases of Amsterdam and Frankfurt
研究证券交易所虚拟化如何导致阿姆斯特丹和法兰克福等二线金融中心衰落，结合新经济地理学和比较政治经济学解释案例，适合关注金融中心变迁的学者。
International financial centres used to be stable economic clusters held together by the centripetal forces emanating from physical exchanges. However, given near complete ‘virtualisation’, these ‘anchors’ have gradually disappeared. As this article demonstrates, this has had telling consequences for second-tier financial centres like Amsterdam and Frankfurt. Empirically, the article adds cases of financial centre decline to the existing collection of case descriptions. Theoretically, the article assesses the explanatory capacity of the combination of two complementary theoretical perspectives, New Economic Geography and Comparative Political Economy, by determining to what extent they fit the two case studies.