Autore
D'Aponte, Tullio

Titolo
“Fragments” of “Financial Geography”: from the “Big Crisis” to the “Brexit”
Periodico
Geoprogress journal
Anno: 2019 - Volume: 6 - Fascicolo: 1 - Pagina iniziale: 13 - Pagina finale: 36

After summarizing the succession of events, connected to the 2007-08 financial “big crisis”, through the most recent literature, the contribution focuses on the European reality, with particular attention to the labor market and the difficulties of the public sector, subject to the constraint of EU “fiscal compact” rules, especially in “high budget deficit” countries. We are going to analyze the business structures and the characteristics of the European banking system in a perspective that is attentive to the relative effects on the territorial projections of the individual national structures, in function of the role played by the main stock exchanges and the respective “markets”, attracting operators and investors. Discussing the configurations that characterize the framework of the main European stock markets, by “capitalization” values, it emerges the leading role of the RU, in relation to which, it arises the issue of the changes, foreseeable and, in part already in place, consequent to the “Brexit”. As a consequence of the constraints affecting the banking system, an inevitable “emigration” of many supranational credit companies is underway; they are forced to leave the UK to avoid being in a third country position, implying costly consequences to continue operating in the EU area. In this perspective, the French and the German initiatives to host the bank branches transferring from the UK, are discussed, but also opportunities represented by locations in Ireland, as a European center of gravity, in geographical proximity to the UK, are envisaged. Finally, after evaluating the distribution strategies of foreign companies with respect to the structures of the main international Stock Exchanges, this work concludes that a significant abandonment of the London station is unlikely, and it is actually believed that it will continue to represent the main financial market of the Old Continent.



SICI: 2384-9398(2019)6:1<13:“O“GFT>2.0.ZU;2-L
Testo completo: http://www.geoprogress.eu/wp-content/uploads/2020/04/GeoJ2019-I1-DAponte.pdf

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