Globalization, hegemony and the future of the city of London [electronic resource] /
Talani, L.author.
This book gives a detailed account of the primacy of the City of London, both as a domestic actor and as a global financial centre. It focuses on whether the hegemonic position of the City of London can be threatened by the globalization process and how this relates to its role as an international money laundering centre.
Description based upon print version of record.
Cover; Half-title; Title; Copyright; Dedication; Contents; List of Tables; List of Figures; Introduction; 1 British "Exceptionalism" and the City of London; Introduction; British "exceptionalism": the origins of the debate; The historical origins of hegemony; The City-Industry divide from an historical perspective; What is the City of London?; Conclusion; 2 The City of London and British Economic Policies: 1960s to 1980s; The City's revival: commercial practices and parallel markets in the 1960s and 1970s; Monetarism and the City's dominant position during the 1980s
The City's reactions to the end of Thatcher's monetarism in the late 1980s1986-1987: the City Revolution; After the Revolution: the City's concerns at the end of the 1980s; Conclusion; 3 The City of London and the Process of European Monetary Integration; Introduction; The City's competitiveness and British entry into the ERM; The Intergovernmental Conference on EMU: a view from the City of London; The departure of the pound from the ERM; After Maastricht: the City's concerns over the position of the pound within the ERM
How did the markets and the British Government react to the criticisms to the ERM?After Black Wednesday: the City's and the British Government's responses to the crisis of the ERM; Why did the UK not join the EMU?; Conclusion; 4 Impact of the Global Financial Crisis on the City of London: The End of Hegemony?; Introduction; What happened? The global financial crisis; The case for the UK to join the EMU at the onset of the global financial crisis; The impact of the global financial crisis on the City of London; Toward a European or a global regulatory regime?; Conclusion
5 Globalization and the Future of the City of London: Enduring HegemonyGlobalization and the nation state: approaches in competition; Realism: the centrality of the nation state; Institutionalism: the transformation of the nation state; Transnationalism: the subordination of the nation state; Globalization and the City of London; Quantitative definition: the macro analysis. The inconsistent quartet and how the City gains from it; Quantitative definition: the micro-dimension. Domestic politics and interest group analysis: Who wins and who loses from financial globalization?
Qualitative definition: everything changes so that nothing will change?Conclusion: the City's hegemony continues!; 6 Dirty City: Money Laundering and the City of London; How does financial globalization facilitate money laundering?; Money laundering in the UK and in the City of London; Anti-money laundering regulation; The UK record in the implementation of AMLR; The position of the City of London toward AMLR; Conclusion; Conclusion; Notes; References; Index
Includes bibliographical references and index.
This book gives a detailed account of the primacy of the City of London, both as a domestic actor and as a global financial centre. It focuses on whether the hegemonic position of the City of London can be threatened by the globalization process and how this relates to its role as an international money laundering centre.
Macroeconomics.
Economic policy.
Industrial organization.
Economics.
Banks and banking.
Political economy.
Macroeconomics/Monetary Economics//Financial Economics.
Economic Policy.
Industrial Organization.
Political Economy/Economic Systems.
Banking.
International Political Economy.