Focuses on the development of London as a leading international financial center and the difficulties they faced preserving its status. Examines the history of London as the financial capital of the Roman period to the present. London’s position in 19th Century rested on the importance of Britain in the world economy and the role of sterling as an international currency. By the mid-20th Century, these two factors were much reduced in importance, but London was renewed as a physical … Read more »

Focuses on the development of London as a leading international financial center and the difficulties they faced preserving its status. Examines the history of London as the financial capital of the Roman period to the present. London’s position in 19th Century rested on the importance of Britain in the world economy and the role of sterling as an international currency. By the mid-20th Century, these two factors were much reduced in importance, but London was renewed as a physical home of the euro market. Examines regulatory and other factors, including the economies of agglomeration, which contribute a financial center.
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from
Geoffrey G. Jones,
Meghan Gallagher core Stine
Source: Harvard Business School
19 pages.
Publication Date: Nov 12, 2003. Prod #: 804081-PDF-ENG
“Walking on a Tightrope:” Maintaining London as a financial center HBR case solution

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