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Britain's Performance in International Financial Markets

Published online by Cambridge University Press:  26 March 2020

A.D. Smith
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Extract

There have been few attempts to compare and explain inter-country contrasts in the efficiency and performance of service industries. This largely reflects the inapplicability to services of productivity comparison techniques developed for manufacturing industries, relying as they do on physical output measures and focussing essentially on labour inputs. A study for the National Institute, shortly to be published, endeavours to break new ground by comparing the performance of the British commercial and merchant banks with that of the relevant financial institutions in our major competitor countries on the basis of the shares obtained by these institutions in selected international financial markets.

Type
Articles
Information
National Institute Economic Review , Volume 141 , August 1992 , pp. 106 - 119
Copyright
Copyright © 1992 National Institute of Economic and Social Research

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References

Note

(1) Anthony D. Smith, International Financial Markets: the Performance of Britain and its Rivals, National Institute Occasional Paper XLV, Cambridge University Press 1992. The research was funded by grants from the Bank of England, HM Treasury, the Department of Trade and Industry, Barclays Bank, Lloyds Bank, the Midland Bank, the National Westminster Bank, Ernst and Young and Daiwa Europe. To these sponsors and to the many officials of the large number of financial institutions who provided, during the course of interviews and otherwise, information on which the study has drawn, both the National Institute and the author express their sincere gratitude.