İstanbul as an international financial center: Pros and cons

Bu çalışmada İstanbul şehrinin bölgesel ve/veya global bir finans merkezi olabilme potansiyeli incelenmiş ve değerlendirilmiştir. Dünyanın bilinen ve tanınan diğer finans merkezi şehirleri incelenerek, İstanbul'un rekabetçi bir bölgesel/global finans merkezi olabilmesi için hangi kriterleri sağlaması gerektiği tartışılmıştır. Sonuç olarak, İstanbul'un bölgesel bir finans merkezi olabilme kriterlerinden önemli bir kısmını karşıladığı ve 2017 yılına kadar bölgesel bir finans merkezi olarak kabul görebileceği söylenebilir. Ayrıca, bu çalışmada belirtilen gerekli adımların kararlılıkla atılması halinde, İstanbul'un 2023 yılında bir uluslararası finans merkezi olabilmesi mümkün görülmektedir.

Uluslararası finans merkezi İstanbul

City of Istanbul's potential as a good candidate of regional and/or global financial center is examined and evaluated in this study. By overlooking the global well-known financial center cities in the world, the criteria of becoming a competitive regional/global financial center are discussed. Consequently, the idea is supported that Istanbul has currently met some of the regional financial center requirements and may be recognized as a regional financial center by 2017. In addition, it eventually may become an international finance center by 2023 if all necessary steps are taken decisively.

___

  • CORBRIDGE, S., N.J. Thrift & R. MARTIN (1994), Money, Power, and Space. Oxford: Blackwell.
  • FELSENSTEIN, D., SCHAMP, E. W. & SHACHAR, A. (Eds) (2002) Emerging Nodes in the Global Economy: Frankfurt and Tel Aviv Compared (Dordreicht: Kluwer).
  • GEHRIG, T. (2000), Cities and the Geography of Financial Centers. In: J.M. Huriot & J.F. Thisee, eds., Economics of Cities: Theoretical Perspectives, pp.415-447. Cambridge: Cambridge University Press.
  • GROSSE, R. (1997) The future of the financial services industry, The International Executive, 39, pp. 599-617.
  • KEIL, R. & LIESER, P. (1992) Frankfurt: global city—local politics, in: M. P. Smith (Ed.) After Modernism: Global Restructuring and the Changing Boundaries of City Life, pp. 39-69 (New Brunswick, NJ: Transaction Publishers).
  • KERR, D. (1965), Some Aspects of the Geography Finance in Canada. Canadian Geographers 9, pp. 175-192.
  • KINDLEBERGER, C.P. (1974), The Formation of Financial Centres: A Study of Comparative Economic History. Princeton: Princeton University Press.
  • LAURENCESON, J. & TANG, K K. (2005). Shanghai's Development as an International Financial Center. In Review of Pacific Basin Financial Markets & Policies. Mar2005, Vol. 8 Issue 1, p147-166, 20p.
  • PARK, Y.S.&M. ESSAYYAD (1989), International Banking and Financial Centers. Boston: Kluwer Academic Publishers.
  • PORTEOUS, D. (1995), The Geography of Finance: Spatial Dimensions of Intermediary Behaviour. Aldershot: Avebury.
  • ROBERTS, R., ed. (1994), International Financial Centres. Aldershot: Edward Elgar.
  • SASSEN, S. (1991) The Global City: New York, London, Tokyo (Princeton, NJ: Princeton University Press).
  • TAN WANG, D., XIAOBIN ZHAO, S., DONGGEN W. (2007). Information Hinterland - A Base for Financial Centre Development: The Case of Beijing Versus Shanghai in China. In Journal of Economic & Social Geography. Feb2007, Vol. 98 Issue 1, p102-120, 19p.
  • THRIFT, IV. (1994), On the Social and Cultural Determinants of International Financial Centres:The Case of the City of London. In: S. Corbridge, N. Thrift & R.L. Martin, eds., Money, Power andSpace, pp. 325-355. Oxford: Blackwell.
  • WARF, B. (1989) Telecommunications and the globalization of financial services, The Professional Geographer, 41, pp. 257-271.
  • WEF's Financial Development Index, World Economic Forum
  • WHITE, M. C. (2005). Assessing the Role of the International Financial Services Centre in Irish.Regional Development. IEuropean Planning Studies. Apr2005, Vol. 13 Issue 3, p387-405, 19p.
  • Z/YEN LIMITED, (2005, 2009), The Copetetive Position of London as a Global FinancialCenter, London, www.zyen.com