1. Rio de Janeiro as a Global Financial Center
- Author:
- Virgílio Gibbon
- Publication Date:
- 10-2015
- Content Type:
- Special Report
- Institution:
- Brazilian Center for International Relations (CEBRI)
- Abstract:
- Situational crises tend to concentrate economic activity in centers where such activity already is historically more significant. As a result, financial markets — especially the organized markets — tend to coalesce around these same centers because they benefit from the higher level of liquidity that concentrated economic activity offers. This undoubtedly was one of the major causes of the waning of the financial market in Rio de Janeiro, and the hegemony conquered by São Paulo as of the 1980s.
- Topic:
- International Political Economy, International Trade and Finance, Financial Crisis, and Financial Markets
- Political Geography:
- Brazil