Read e-book online Financial Geography: A Banker's View (Routledge PDF

By Risto Laulajainen

ISBN-10: 0203987349

ISBN-13: 9780203987346

ISBN-10: 0415278708

ISBN-13: 9780415278706

This really internationally-focused ebook is a readable, accomplished consultant to the commercial geography of the world's monetary centres that's as relaxing to learn because it is informative. All scholars and teachers concerned with fiscal geography in addition to execs within the banking and finance industries will locate monetary Geography to be an vital ebook for his or her bookshelves.

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Additional info for Financial Geography: A Banker's View (Routledge International Studies in Money and Banking)

Example text

Whatever the solution, a certain repetition of the same topic in different contexts is unavoidable. Actor, functional and instrumental angles mix and blend into a web where it is more convenient to repeat some matters rather than make constant reference to other parts of the book. Contrary to many introductory book chapters, we not only outline the field to be entered but also comment on the factual contents, ‘results’. It is believed that this will facilitate the digestion of the main text, which is alien territory to many economic geographers.

Wealth distribution can have a bearing. Societies which place great importance on the economic equality of their citizens seem to be less generative than those where individual initiative is allowed free rein. It is probably impossible to draw unambiguous causal links from these general ideas to the actual financial wealth of nations. It is equally impossible to be specific about the split of national wealth between financial and real assets, particularly as many financial assets reflect underlying real values.

They also are largely lost to the world of finances. A similar fate may wait for savings which are invested in plant equipment. If the plant is family-owned, the chances are fair that the only outside capital employed is working capital. The company does not issue shares or bonds and its only link with financial markets is through the bank credit line. The family members naturally have private bank accounts, a part of their savings may be with life insurance policies and they have monies in investment funds, which promise a better return than bank deposits or government bonds.

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Financial Geography: A Banker's View (Routledge International Studies in Money and Banking) by Risto Laulajainen


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