How does the spatial distribution of employment in financial and business services (FABS) change in the wake of external shocks? In this article (Applied Geography) , Dr Tom Hashimoto, Director of Financial Economics Programme at ISM University of Management and Economics and Professor Dariusz Wojcik, Professor of Economic Geography at the University of Oxford take a close look at FABS employment and gross value added in the context of EU accession and Global Financial Crisis. Utilising the data from the Visegrad Four countries, they found complex and overlapping institutional arrangements maintain a resilient concentration of FABS and the hierarchy of finanical centres. The findings are in line with Cassis and Wojcik (2018) where they found the wars to be the only major causes of disruption to the hierarchical interurban relations (not pandemics or financial crises, for example).
Hashimoto, T., & Wójcik, D. (2021). Centripetal and centrifugal forces in the wake of external shocks: A case of financial and business services in the Visegrád Four. Applied Geography, 134, 102522.