The Regional Consequences Of Completion Of The Ec Internal Market For Financial Services: An Overview and A Case Study Of Scotland

Abstract

The financial services sector is expected to be one in which the impact of the single European market will be particularly marked as fragmented national markets are opened to new competition. This paper considers how the changes engendered by ‘1990’ in the financial services sector will affect different regions in the European Community. It surveys different types of regions and financial centres and suggests a typology for categorising them. The paper also presents a case study of Scotland where the sector is an increasingly significant part of the economy. [F 15]

^*The author wishes to acknowledge the support of the Scottish Foundation for Economic Research. The paper also draws on research done for the Regional Policy Directorate of the European Commission. None of the views expressed here are necessarily those of the SFER or of the Commission. My thanks to Francisco Rivera Batiz and other participants at the University of Pennsylvania - Rutgers University Colloquium on ‘The European Integration of 1992, and its Implications for the United States’ for helpful comments.

^*The author wishes to acknowledge the support of the Scottish Foundation for Economic Research. The paper also draws on research done for the Regional Policy Directorate of the European Commission. None of the views expressed here are necessarily those of the SFER or of the Commission. My thanks to Francisco Rivera Batiz and other participants at the University of Pennsylvania - Rutgers University Colloquium on ‘The European Integration of 1992, and its Implications for the United States’ for helpful comments.

Notes

^*The author wishes to acknowledge the support of the Scottish Foundation for Economic Research. The paper also draws on research done for the Regional Policy Directorate of the European Commission. None of the views expressed here are necessarily those of the SFER or of the Commission. My thanks to Francisco Rivera Batiz and other participants at the University of Pennsylvania - Rutgers University Colloquium on ‘The European Integration of 1992, and its Implications for the United States’ for helpful comments.