Scottish financial institutions

Paul Draper, Iain Smith, Bill Stewart

Research output: Contribution to journalArticle

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Abstract

In a financial system as integrated as that of the UK the existence of institutions based outside of London is a source of continuing interest. The absence of controls on the flow of capital and resources suggests that regional institutions wishing to expand may be attracted to the wider markets offered by London. There is a continued concern that the forces for financial agglomeration will exert a decisive pull outweighing the local ties of regionally based institutions. This economic perspective considers the prospects for the Scottish financial sector and its importance to the wider Scottish economy.
Original languageEnglish
Pages (from-to)77-81
Number of pages5
JournalQuarterly Economic Commentary
Volume11
Issue number2
Publication statusPublished - Nov 1985

Keywords

  • Scottish industry
  • Scottish economy
  • banking industry
  • financial service industry
  • Scotland

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