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Financial Leadership at Any Cost?

D N Ghosh
Economic and Political Weekly
Vol. 26, No. 25 (June 22, 1991), pp. 1503-1504
Stable URL: http://www.jstor.org/stable/41498374
Page Count: 2
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Abstract

The competition among London, New York and Tokyo for financial leadership is growing intense and each is striving hard to innovate and promote high value-added financial activities. However, the instances of financial disruption witnessed in the last two decades are clear warnings of the deep systemic risks and fragilities which pose serious threats to the stability of the financial centres.

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