e-space
Manchester Metropolitan University's Research Repository

    Finance fragmented? Frankfurt and Paris as European financial centres after Brexit

    Lavery, Scott, McDaniel, Sean and Schmid, Davide ORCID logoORCID: https://orcid.org/0000-0001-6931-505X (2018) Finance fragmented? Frankfurt and Paris as European financial centres after Brexit. Journal of European Public Policy, 26 (10). pp. 1502-1520. ISSN 1350-1763

    [img]
    Preview
    Accepted Version
    Download (773kB) | Preview

    Abstract

    Brexit creates an opportunity for alternative European financial centres. However, no comprehensive empirical analysis of the strategic positioning of actors within these financial centres has been conducted. In this article we outline findings from an extensive research project which we conducted in Frankfurt and Paris, two of the main ‘rivals’ to the City of London, in the aftermath of Brexit. We outline the core findings from this project and argue that the emerging competition between Frankfurt and Paris is shaped through four related axes: diversity, path dependency, territory and regulatory stability. Our analysis has implications for two bodies of literature within EU studies. First, inter-governmentalist and supra-nationalist approaches would benefit from interrogating more closely the contested sub-national politics of financial centres. Second, our analysis adds to a growing body of literature on European disintegration by interrogating the interaction of fragmentary and integrative dynamics in the sphere of European finance.

    Impact and Reach

    Statistics

    Activity Overview
    6 month trend
    349Downloads
    6 month trend
    280Hits

    Additional statistics for this dataset are available via IRStats2.

    Altmetric

    Repository staff only

    Edit record Edit record