dc.contributor.author
Galabert Macià, Marc
dc.date.issued
2015-01-14T08:36:55Z
dc.date.issued
2015-01-14T08:36:55Z
dc.date.issued
2015-01-14T08:36:55Z
dc.identifier
https://hdl.handle.net/2445/61268
dc.description.abstract
This paper explores the origins of Andorra’s financial cluster. It shows that the free movement of currency, the protection of infant industry, and geographical concentration lie at the foundation of the cluster’s competitive advantage. Drawing on a new set of data, the paper also provides for the first time an estimate of the total deposits held by Andorra’s banks between 1931 and 2007. Based on this new information, the paper reaches the conclusion that the development of the cluster went through four distinct phases in which large companies, acting as leaders, played an important role in enhancing the cluster’s business capabilities.
dc.format
application/pdf
dc.format
application/pdf
dc.publisher
Universitat de Barcelona. Facultat d'Economia i Empresa
dc.relation
Reproducció del document publicat a: http://www.ub.edu/ubeconomics/wp-content/uploads/2014/12/317-WEB.pdf
dc.relation
UB Economics – Working Papers, 2014, E14/317
dc.relation
[WP E-Eco14/317]
dc.rights
cc-by-nc-nd, (c) Galabert, 2014
dc.rights
http://creativecommons.org/licenses/by-nc-nd/3.0/
dc.rights
info:eu-repo/semantics/openAccess
dc.source
UB Economics – Working Papers [ERE]
dc.subject
Mercat financer
dc.subject
Política monetària
dc.subject
Financial market
dc.subject
Monetary policy
dc.title
Emergence and development of a financial cluster: the evolution of Andorra’s banking deposits in the long-term, 1931-2007
dc.type
info:eu-repo/semantics/workingPaper
