The British and the German financial sectors in the wake of the crisis: size, structure and spatial concentration
We use employment data for 2008–2012 to analyse the impact of the subprime and Eurozone crises on the British and German financial sector. In the UK, the sector contracted and its spatial concentration increased across regions and urban hierarchy, with London as the sole winner. In Germany there has...
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| Format: | Journal article |
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Oxford University Press
2015
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| _version_ | 1797064511575818240 |
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| author | Wójcik, D MacDonald-Korth, D |
| author_facet | Wójcik, D MacDonald-Korth, D |
| author_sort | Wójcik, D |
| collection | OXFORD |
| description | We use employment data for 2008–2012 to analyse the impact of the subprime and Eurozone crises on the British and German financial sector. In the UK, the sector contracted and its spatial concentration increased across regions and urban hierarchy, with London as the sole winner. In Germany there has been no contraction overall, and no significant change in the spatial distribution of financial employment. We argue that while in both countries forced consolidation and financial re-regulation have acted as centripetal forces, in Germany they have been offset by strong regional and local banking, underpinned by a decentralized state. |
| first_indexed | 2024-03-06T21:15:23Z |
| format | Journal article |
| id | oxford-uuid:3f9ddf50-7acb-4248-88a0-31088e4fb306 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T21:15:23Z |
| publishDate | 2015 |
| publisher | Oxford University Press |
| record_format | dspace |
| spelling | oxford-uuid:3f9ddf50-7acb-4248-88a0-31088e4fb3062022-03-26T14:33:07ZThe British and the German financial sectors in the wake of the crisis: size, structure and spatial concentrationJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:3f9ddf50-7acb-4248-88a0-31088e4fb306Symplectic Elements at OxfordOxford University Press2015Wójcik, DMacDonald-Korth, DWe use employment data for 2008–2012 to analyse the impact of the subprime and Eurozone crises on the British and German financial sector. In the UK, the sector contracted and its spatial concentration increased across regions and urban hierarchy, with London as the sole winner. In Germany there has been no contraction overall, and no significant change in the spatial distribution of financial employment. We argue that while in both countries forced consolidation and financial re-regulation have acted as centripetal forces, in Germany they have been offset by strong regional and local banking, underpinned by a decentralized state. |
| spellingShingle | Wójcik, D MacDonald-Korth, D The British and the German financial sectors in the wake of the crisis: size, structure and spatial concentration |
| title | The British and the German financial sectors in the wake of the crisis: size, structure and spatial concentration |
| title_full | The British and the German financial sectors in the wake of the crisis: size, structure and spatial concentration |
| title_fullStr | The British and the German financial sectors in the wake of the crisis: size, structure and spatial concentration |
| title_full_unstemmed | The British and the German financial sectors in the wake of the crisis: size, structure and spatial concentration |
| title_short | The British and the German financial sectors in the wake of the crisis: size, structure and spatial concentration |
| title_sort | british and the german financial sectors in the wake of the crisis size structure and spatial concentration |
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