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100 _aBlažek, Jiří
_958591
245 _aThe impacts of the global economic crisis and its aftermath on the banking centres of Europe/
260 _bSage,
_c2020.
300 _aVol. 27, Issue 1, 2020, ( 35–49 p.)
520 _aThis paper aims to unravel the impacts of the global economic crisis upon European banking centres on the basis of the evolution of key economic indicators, such as total assets, profitability and the level of risk to the banking sector over the 2004–2015 period. Counterintuitively, the European leading banking centres (London, Paris and Frankfurt), despite their extensive exposure to capital markets, displayed a high level of resilience, which contrasts with the evolution of the other major Western European centres, which clearly lagged behind the European leaders. From a macro-regional perspective, banking centres in Western Europe exhibited the first signals of both the crisis and the recovery, which were subsequently diffused across Europe. Surprisingly, the profitability of low-ranking banking centres in Central and Eastern Europe remained the highest over the whole 2004–2015 period, as these banks operate predominantly within a regional (national) market. Overall, during the 2004–2015 period, London, Paris and Frankfurt clearly strengthened their dominance among European banking centres.
700 _aHejnová, Tereza
_958592
700 _aRada, Hynek
_958593
773 0 _08870
_917142
_dLondon Sage Publications Ltd. 1994
_tEuropean urban and regional studies
_x0969-7764
856 _uhttps://doi.org/10.1177/0969776418807240
942 _2ddc
_cEJR
999 _c14934
_d14934