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Clippings: Multibillionaire Speculator Soros Exiting Risk Business [By Kevin Max and Brett D. Fromson TheStreet.com/NYTimes.com Staff Reporters 4/28/00 3:12 PM ET]

Banking Industry Faces Makeover | or here AP Business Wire, NOVEMBER 21, By NOELLE KNOX, AP Business Writer

NEW YORK (AP) laws, Jeff Bezos, founder of Amazon.com was in San Francisco announcing a venture with NextCard to create a credit card for Amazon.com's 13 million customers. While seemingly unrelated, Amazon.com's entrance into the financial industry shows just how timely President Clinton's signature was Nov. 12. The new law ends Depression-era restrictions that have prevented mergers...

Threatened Swiss banks edge closer toward global Holocaust settlement Seattle Times, Friday, March 27, 1998; by Los Angeles Times and The Washington Post

NEW YORK - Swiss banks, American lawyers and the World Jewish Congress made a "breakthrough" that could lead to a global multibillion-dollar settlement for victims of the Holocaust, a U.S. official said.

Wall Street Recap: Web snags information-seeking investors Seattle Times, Sunday, June 1, 1997


Literature:

Buckley, Adrian, ed., Multinational finance. 3rd ed. New York : Prentice Hall, 1996. 606 p. [UW-Tacoma Lib. Stacks HG4027.5 .B83 1996]

Choi, Sang-Rim et al., "Banks and the World's Major Financial Centers, 1970-1980," Weltwirtschaftliches Archiv 122(1), 1986, pp.48ff.

Coakley, J. "The Integration of Property and Financial Markets," Env.& Planning A, vol.26, 1994, pp.697-713.

Code, William R., "Information Flows and the Process of Attachment and Projection: The Case of Financial Intermediaries," in: Stanley D. Brunn and Thomas R. Leinbach, eds., Collapsing Space and Time: Geographic Aspects of Communications and Information. London: Harper Collins, 1991.

Cohen, Benjamin J. The Geography of Money. Ithaca and London: Cornell University Press, 1998. Pp. xiii, 229. ISBN 0-8014-3513-7.

Explores the meaning of monetary geography as a socially constructed "regime of representation." Provides a new way of viewing the revolutionary changes in currency space wrought by accelerating cross-border competition.

CORBRIDGE, STUART and RON MARTIN and NIGEL THRIFT, eds., Money, Power and Space. Oxford, England ; Cambridge, Mass. : Blackwell, 1994. [Foster/BA General Stacks HG3881 .M594 1994]

  • Cronin, Mary J. ed., Banking and finance on the Internet. New York : John Wiley & Sons, 1998 [Tacoma Stacks HG1708.7 .B36 1998, Req 1/12/02]
    • ch. 1. Defining net impact: the realignment of banking and finance on the Web / Mary J. Cronin --
    • ch. 2. Frontiers of on-line financial services / Ravi Kalakota and Frances Frei --
    • ch. 3. Banking on the web: Security First Network Bank and the development of virtual financial institutions / Kim Humphreys --
    • ch. 4. From Web strategy to implementation at Liberty Financial Companies / Iang Jeon and William P. Rice --
    • ch. 5. Smart cards in Web-based e-commerce / Scott B. Guthery --
    • ch. 6. Foundations for electronic commerce: standards and strategic alliances / Daniel Schutzer --
    • ch. 7. First Data Corporation: behind-the-scenes processing and frontline internet commerce --
    • ch. 8. Charles Schwab & Company: Mutual funds on the Web / Mary J. Cronin --
    • ch. 9. Breaking new ground: wallstreet electronica --
    • ch. 10. International banking and the Internet / Andreas Crede

    Daly, M.T., "Transitional Economic Bases: From the Mass Production Society to the World of Finance," in: P.W.Daniels, ed., Services and Metropolitan Development: International Perspective. Routledge, 1991.

    The Economist. June 27, 1992. "Financial Centers: Rise and Fall," (Survey) pp. 3-26.

    Florida-Richard. Strategic Capitalism: Private Business and Public Purpose in Japanese Industrial Finance. (book reviews). Economic-Geography. Jan, 1995. v71(n1). p106(2).

    Gibbs, David, "Venture Capital and Regional Development: The Operation of the Venture Capital Industry in Manchester," Tijdschrift voor Economische en Sociale Geographie 82(4), 1991, pp.242ff.

    Gibbs, D.C. and C.J.S.Gentle, "Global Financial Dynamics, Recent Growth in Financial Services and Manchester's Space Economy: Some Preliminary Evidence," Tijdschrift voor Economische en Sociale Geografie 81(2), 1990, pp.110ff.

    Green-Milford-B. A geography of institutional stock ownership in the United States. Annals-of-the-Association-of-American-Geographers. March, 1993. v83(n1). p66(24).

    Institutional US stock ownership in 1980 reveals a six-level hierarchical urban system in which financial, insurance, and real estate firms dominate. Public pension funds are especially independent, and are likeliest to invest away from their headquarters. This highlights the choice between fiduciary and local responsibility. More capital (purchase of assets) leaks from west to east than the reverse. Economic-geography -- Research. Stock-ownership -- Demographic-aspects. Institutional-investments -- Demographic-aspects.

    Haga, H. Geographical studies of international finance: outcomes and issues. Jimbun-Chiri/Human-Geography-Kyoto. 1997; 49(4): 353-377

    "International finance [...] is regarded as one of revitalizing industries for the future development of cities but is now becoming more concentrated in a handful of cities in the world. In geography, however, relatively little attention has been paid to international finance. Similarly, urban and regional economists have not concentrated their attention on finance, and monetary and financial economists have shown little interest in geographic location."

    Hall-Peter. Global Finance and Urban Living: A Study of Metropolitan Change. (book reviews). Economic-Geography. July, 1995. v71(n3). p331(2).

    Harrington, J.W., "North American Commercial Banking after the Free Trade Agreement," Canadian Journal of Regional Science 1990, pp.331-348.

    Holly, Brian, Recent spatial and structural changes in commercial banking: a case study of Ohio, (with A.E. Clarke) The Great Lakes Geographer, 1 (2) 1994, 1-14.

    Jussawalla, M. and S. Dworak, "The Impact of Telematics on Financial Intermediaries and Market Interdependencies," in: Jussawalla, M. et al., eds., Information Technology and Global Interdependence. 1989, pp.85ff. [HD9999 I492 I54]

    Kaplan, David H., What is Measured in Measuring the Mortgage Market," Professional Geographer, 48(4), Nov. 1996, 356-367.

    Klagge, Britta and Ron Martin Decentralized versus centralized financial systems: is there a case for local capital markets? J Econ Geogr 2005 5 (August): pp. 387-421.

    Laulajainen, Risto, Financial Geography, 2nd revised ed., Routledge, 2003.

    Laulajainen, Risto Section 5: Finance Capital, Chapter 11. The Regulation of International Finance, Oxford Handbook of Economic Geography. Edited by Gordon L. Clark, Maryann P. Feldman, and Meric S. Gertler, Oxford University Press, 2000, pp.215ff. [HF1025.O94.2000]

    Laulajainen, Risto and Krishna Johansson, Payment systems: the geographical dimension Tijdschrift voor Economische en Sociale Geografie 91(1), 2000, pp.31ff.

    Leyshon, A., Geographies of Money and Finance I. Progress in Human Geography 19, 1995, 531-43.

    Leyshon, Andrew, "Money and Finance," in: Sheppard, Eric and Trevor J. Barnes, eds., A companion to economic geography. Oxford, UK ; Malden, Mass. : Blackwell Publishers, 2000 [Chapter 26, pp.432ff.] [Suzzallo/Allen Stacks HF1025 .C66 2000]

    Leyshon, Andrew and Nigel J. Thrift. Money/space : geographies of monetary transformation / London ; New York : Routledge, 1997. Includes bibliographical references (p. [368]-393) and index. Money. International-economic-relations. Power-Social-sciences. [Suzzallo General Stacks HG220.A2 L49 1997]

    Luderman, Brian D. A geography of financial centers : the case of London / Thesis (M.A.)--University of Washington, 1992. Includes bibliographical references (leaves [95]-100). Depository copy has number: Thesis 40254. Finance -- England -- London -- History. Financial-institutions -- England -- London. Theses -- Geography. Suzzallo General Stacks [G 59 Th40254]

  • Martin, Ron. Money and the Space Economy Wiley, 1999 [HG220.A2 M5833 1999/Suzz] [ISBN: 0-471-98347-0] Paperback, $39.95 [ Table of Contents] Money and the Space Economy brings together leading geographers and economists working on money to highlight the changing geographies of banking, the forces underpinning and threatening international financial centres, the relationship between financial systems, business and the local economy, and the financial causes and consequences of the retreat of the state.

    McKillop, D.G. and R.W.Hutchinson, "Financial Intermediaries and Financial Markets: A United Kingdom Regional Perspective," Regional Studies 25(6), 1991, pp.543-54.

    Moore, Robert R., Does Geographic Liberalization Really Hurt Small Banks?" Financial Industry Study (Federal Reserve Bank of Dallas) December 1995, pp.1-12.

    OECD. Future Global Capital Shortages: Real Threat or Pure Fiction? Paris, 1996. [HC79.C3.F86.1996] [papers on aging, 3rd World savings, East Asia, Eastern Europe etc.]

    OECD 1997-1998 REPORT on MONEY LAUNDERING TYPOLOGIES

    Palm-Risa. Catastrophic earthquake insurance: patterns of adoption.(The Roepke Lecture in Economic Geography). Economic-Geography. April, 1995. v71(n2). p119(13).

    In California, earthquake insurance is not mandatory and is relatively expensive. Investment in earthquake insurance is one indicator of individual/household response to hazards in the urban environment. This paper reports on a series of three surveys of California homeowners undertaken in 1989, 1990, and 1993 in Contra Costa, Santa Clara, Los Angeles, and San Bernardino counties. The surveys addressed six hypotheses: rates of insurance subscription have increased; socioeconomc and demographic characteristics distinguish the insured from the uninsured; insurance purchase is systematically related to geophysical risk at the home site; perceived risk is a predictor of insurance purchase; experience with an earthquake increases perceived risk and motivates insurance purchase; and mandatory noncatastrophic insurance increases the propensity to buy nonmandatory catastrophic insurance.

    Pollard, Jane and Andrew Leyshon, "Worlds in Motion?: 'Worlds of Production", Evolutionary Economic Change and Contemporary Retail Banking," in: Bryson, John R., et al., eds., Knowledge, space, economy. London ; New York : Routledge, 2000, Chapter 9, pp.142ff. [Suzzallo/Allen Stacks HF1025 .K567 2000]

    Porteous, D.J. (1999) The development of financial centres: location, information, externalities and path dependence. In R.L. Martin (ed.) Money and the Space Economy. Chichester: Wiley, 95–114.

    Porteous, David J., The Geography of Finance. Avebury (Aldershot), 1995. [Bibliography!] [HG1616.L55.P67]

    Schaberg, Marc. Globalization and the Erosion of National Financial Systems. Edward Elgar, 1999. [HG173.S264.1999]

    Schamp, E., The financial sector and urban competition in Germany, 1970 to 1995. In E. Wever (ed.) Cities in Perspective I. Economy, Planning and the Environment. Assen, 1999, 83–98.

    Shaw-Brian. Lim-Sally. Labuan: international offshore financial center. Geography. Jan, 1994. v79(n342). p84(4). The Malaysian government is planning to develop Labuan island, located 8 km. northwest of Borneo, as an International Offshore Financial Center by taking advantage of its position relative to other financial centers in the region. The government is hoping to attract offshore banking promotions, trust and fund management, offshore investment and licensing companies and offshore insurance-related business from the rapidly growing Asian-Pacific economies by offering preferential tax treatment. Economic-geography -- Analysis. Labuan -- Economic-aspects. Malaysia -- Economic-policy.

    Spero, Joan E., "The Information Revolution and Financial Services: A North-South Issue?", in: Jussawalla, M. et al., eds., Information Technology and Global Interdependence. 1989, pp.109ff. [HD9999 I492 I54]

    Regan, Edward J., "The Strategic Importance of Telecommunications to Banking," in: Jussawalla, M. et al., eds., Information Technology and Global Interdependence. 1989, pp.118ff. [HD9999 I492 I54]

    Ter Hart, H.W. and J. Piersma, "Direct Representation in International Financial Markets: The Case of Foreign Banks in Amsterdam," Tijdschrift voor Economische en Sociale Geografie 81(2), 1990, pp.82ff.

    Thrift, Nigel, "Doing Regional Geography in a Global System: The New International Financial System, the City of London, and the South East of England, 1984-7," in: R.J.Johnston et al., eds., Regional Geography: Current Developments and Future Prospects, Routledge 1990, pp.180ff. [G56.R42]

    Tickell, Adam, Finance and Localities, in: The Oxford Handbook of Economic Geography, Edited by GORDON L. CLARK, MARYANN P. FELDMAN, and MERIC S. GERTLER, Oxford (U.K.): Oxford University Press, 2000, pp.230ff. [HF1025.O94.2000 (Suzzallo)]

    Warf, B., "Telecommunications and the Globalization of Financial Services," Professional Geographer, 41 (1989), pp.257-71.

    Manfred Zeller and Richard L. Meyer THE TRIANGLE OF MICROFINANCE: Financial Sustainability, Outreach, and Impact November 2002 [Abstract]


    Foreign Bankers Say Frankfurt is Competitive, But Can’t Supplant London Just Yet (Week in Germany, Dec. 19, 1997)

    There’s a reason they call it “Bankfurt.” Nearly 180 foreign banks have offices or subsidiaries in Frankfurt am Main that employ a total of 28,000 people. Although Frankfurt’s foreign banking community has shrunk slightly in recent years, above all as a result of mergers and cost-cutting efforts, industry experts say the city’s prospects are encouraging.

    “In all, the outlook for Germany as a financial center is good.” Hans-Georg Engel, director of Frankfurt’s Association of Foreign Banks (Verband der Auslandsbanken), recently told the press. Even the start of the EU’s currency union probably won’t be enough to give Frankfurt the edge needed to displace London as Europe’s top financial center, Engel and his colleagues believe, but the arrival of the European Central Bank will unquestionably add to the competitiveness. The strength of the German economy and the proximity to the growing economies of Eastern Europe add to Frankfurt’s strengths. In quickly adopting a new electronic trading system for its stock market, Frankfurt has given itself a further competitive advantage.

    The computerized trading was adopted, however, only after a protracted dispute with Germany’s regional stock exchanges, noted Rolf Levedag, a member of the Association of Foreign Banks’ board of directors. The conflict points to a “provincial thinking,” Levedag said, that is incomprehensible to foreign investors. And the failure to reform Germany’s income and corporate tax code is being felt in financial circles. A lack of confidence in Germany’s ability to implement needed structural reforms, Engel warns, could harm Frankfurt’s standing in the long run if left unaddressed.


  • A banker is a fellow who lends his umbrella when the sun is shining and wants it back the minute it begins to rain. [Mark Twain]


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