Geography of international financial activity centers
Geography of centers of financial activity in different markets is compared with each other and with the ratings of financial centers by the GFCI and IFCD indices. In view of the discrepancies in the results, the misuse of the concept of "financial center" and "international financial center" as the phenomenal terms is concluded, and that they can only be referred to as a collective concept. Instead, the concept of centers of different types of financial activity or concentration of various financial institutions should be used. Patterns observed are important for planning the organization of new financial centers in selected localities. It is necessary to specify what exactly market (s) will operate such a center on and to develop special requirements for it, rather than seek to create a general favorable environment for financial activities as such.