Town of London’s worldwide monetary Centres Index (GFCI) used to be first released in March 2007. It rated and ranked each one significant monetary centre on the planet when it comes to competitiveness. the unique examine used to be then up to date and multiplied and the implications have been offered in GFCI 2, released in September 2007. the expansion and extra info in successive versions additionally enabled the Index to focus on the altering priorities and matters of finance professionals.The current file, GFCI three (the 3rd within the series), updates a few of the exterior indices utilized in the GFCI version and provides 8 new indices of beneficial properties contributing to competitiveness. because GFCI 2, 411 extra respondents have crammed within the on-line questionnaire, thereby delivering 7,193 new checks from monetary prone execs internationally. The GFCI three version offers scores for centres utilizing a complete of sixty two exterior indices (called “instrumental factors”) and a complete of 18,878 tests from 1,236 respondents (see Appendix A for additional info at the GFCI Methodology.)
Read Online or Download The Global Financial Centres Index (March 2008) PDF
Similar economy books
Financial Fundamentals for Engineers
Engineering capability thrifty use of assets (labour, energy, and materials). cash is the typical degree for those notwithstanding engineers are infrequently taught how the realities of finance and economics will impression at the engineering judgements they make. monetary basics for Engineers units out to teach how finance interacts with engineering and why it issues.
The Law of Corporate Finance: General Principles and EU Law: Volume II: Contracts in General
During this three-volume ebook, the legislations of company finance is outlined in a latest means and studied from the viewpoint of a non-financial enterprise. The legislations of company finance is helping the company to control funds circulate, chance, principal-agency relationships, and knowledge within the context of all judgements that impression the firm’s funds.
This e-book gains policy-oriented study papers and articles featuring insightful perspectives and data on neighborhood comparative analyses and nationwide most sensible practices on alternate and funding coverage concerns for the Asian and Pacific area. It covers such salient matters because the internationalization of construction networks and nearby monetary cooperation for the rehabilitation of tsunami-stricken nations.
- A World Wide Review of the Commercial Production Biodiesel - A technological, economic and ecological investigation based on case studies
- Foundations of Finance: Portfolio Decisions and Securities Prices 1976-06
Additional resources for The Global Financial Centres Index (March 2008)
Example text
80 *Source: NationMaster 36 Murder Rates per Capita The Global Financial Centres Index 6b. Business Environment Factors The indices for business environment factors used in the GFCI are: ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ Business environment, Economist Intelligence Unit1 Total Tax Rates, OECD1 Corporate Tax Rates, OECD1 Employee Tax Rates, PwC1 Personal Tax Rates, OECD1 Tax as % of GDP, OECD1 Ease of Doing Business, World Bank1 Corruption Perception Index, Transparency International1 Economic Freedom of the World, Fraser Institute1 Financial Market Index, Maplecroft1 Administrative and Economic Regulation, OECD Wage Comparison Index, UBS Opacity Index, Kurtzman Group Index of Economic Freedom, Heritage Foundation Political Risk, Exclusive Analysis Operational Risk Ratingb 1 – This index has been updated since GFCI 2 b – This index has been added since GFCI 2.
B – This index has been added since GFCI 2. Chart 13 The Top Ten Financial Centres on the basis of General Competitiveness Factors City > Chart 13 shows the top ten centres by GFCI ranking when using only the general competitiveness factors. London New York Hong Kong Singapore Zurich Chicago Frankfurt Sydney Geneva Toronto 500 550 600 650 700 750 800 850 GFCI rating > 49 The Global Financial Centres Index The top three centres are the same as in GFCI 2 but there have been some slight shifts in position for the remaining centres, with Singapore and Zurich swapping places, Chicago and Frankfurt swapping places, and Geneva dropping one place in the rankings.
Conclusion In GFCI 3, the top eight centres have maintained the same rankings as in GFCI 2, although a large degree of movement has taken place within the top 50 centres, as well as within different sectors and competitive areas. Major events in 2007 affected the financial services industry since the publication of GFCI 2, and the public perception of this sector. The sub-prime mortgage crisis in the US caused reverberations around the world in the banking sector, with direct and indirect impacts exposing banks and regulatory authgorities.