TY  - UNPD
A1  - Grote, Michael H.
A1  - Harrschar-Ehrnborg, Sofia
A1  - Lo, Vivien
T1  - Technologies and proximities: Frankfurt's new role in the European financial centre system
T2  - Universität Frankfurt am Main. Fachbereich Wirtschaftswissenschaften: [Working paper series / Finance and accounting] Working paper series, Finance & Accounting ; No. 46
N2  - The main argument in this paper is that new information and communication technologies (ICT) in the financial industry will increase specialisation and competition within the European financial centre system and thereby lead to a ‘re-bundling’ of functions of the various financial centres. Frankfurt plays an interesting role in this development as it is one of the main development centres for ‘financial technology’. With these technologies, remote access to the Frankfurt stock exchange and inter-bank payment system is now feasible from most European cities. This leads to a reduced need for physical presence, which opens up new possibilities for the financial sector’s spatial organisation. However, as financial production is information- and knowledge-intensive, spatial and other types of proximity between financial actors and clients are still essential in many stages. We examine the value chains of three different products (advisory, lending, trading) with regard to different proximities, in order to identify possible patterns of their spatial (re)organisation. From these findings, inferences are drawn for a ‘new’ role for Frankfurt in the European financial centre system.
T3  - Working paper series / Johann-Wolfgang-Goethe-Universität Frankfurt am Main, Fachbereich Wirtschaftswissenschaften : Finance & Accounting - 46 
KW  - financial centres
KW  - financial services
KW  - information technology
KW  - location theory
KW  - proximity
KW  - value chain
KW  - Frankfurt am Main
KW  - Deutschland
KW  - Europa
KW  - Finanzplatz
KW  - nternationale Wettbewerbsfähigkeit
KW  - Internationaler Wettbewerb
KW  - Disketten-Clearing-Verfahren
KW  - Electronic Banking
KW  - Electronic Commerce
KW  - Standort
KW  - Agglomerationseffekt
Y1  - 1999
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/55405
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-554050
UR  - https://www.econbiz.de/archiv/f/uf/finanzierung/proximities.pdf
SN  - 1434-3401
PB  - Johann-Wolfgang-Goethe-Universität, Frankfurt am Main, Fachbereich Wirtschaftswissenschaften
CY  - Frankfurt am Main
ER  -