Walking on a Tightrope: Maintaining London as a Financial Center Case Solution
This case focuses on the development of London as a top international financial center and the issues it faces in maintaining its status. It contains London's history as a financial center from Roman era to the present day. London's standing in the 19th century rested on the great value of sterling and Britain in the world market, as the leading international financial center.
By the mid-20th century, these two variables were substantially reduced in value, but London was revived as the real residence of the Euromarkets. This case further investigates other and regulatory variables, including economies of agglomeration, which lead to making a financial center.
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: November 12, 2003