Starting Position and Opportunities of Regional Financial Centers
European integration and capital liberalisation have intensified competition also in financial markets; as a result, Austria's financial institutions will have to go through a period of structural adjustment. Important aspects of such change are measures to improve the attractiveness of certain locations; an example is Innsbruck as a regional financial center. It is especially difficult for a small financial center to position itself among the long-established centers. Nonetheless, certain promising strategies can be identified; these policies also help to stimulate the regional economy: first, the quality of financial services is of increasing importance as a locational factor; second, the employment and income created by financial centers help to offset the negative effects of the loss of manufacturing jobs in agglomerations.
Ausgangsposition und Chancen regionaler Finanzplätze. Eine Analyse am Beispiel der Stadt Innsbruck; Starting Position and Opportunities of Regional Financial Centers
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