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Britain's performance in international financial markets.
- Article from:
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National Institute Economic Review
- Article date:
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August 1, 1992
- Author:
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Copyright informationCOPYRIGHT 1992 National Institute of Economic and Social Research. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The performance of UK's financial institutions in international financial markets are studied and compared to those of other countries'. Results show that the US is the leading force in all of the markets studied, with UK trailing the superpower on second place. While the US controls two-thirds of the international market and UK for only about one-fifth, no other country had shares exceeding even one-tenth of the markets. It is expected that UK's financial institutions will be further boosted by the imminent liberalization of the EC market.
There have been few attempts to compare and explain inter-country contrasts in the efficiency and performance of service industries. This largely ...
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