financial centers

3. A classification for a center like Zurich, which is strong in private banking.
4. A modern trend where financial centers focus on ESG and renewable energy investments.
5. A city that is an emerging financial hub in the Middle East.
6. A condition for a financial center's formation: a stable ______ and regulatory environment.
9. The approach to financial centers focuses on rules, governance, and regulation.
11. The approach views financial centers as nodes in global financial networks.
12. The abbreviation for the index that ranks the competitiveness of financial centers worldwide.
13. A type of financial center with favorable tax and regulatory environments, e.g., Cayman Islands.
14. A global hub known for its strong legal system and foreign exchange trading.

1. The theoretical approach that sees financial centers as natural results of trade and capital accumulation.
2. A function of financial centers, channeling savings into productive investments.
7. A key function of financial centers, ensuring assets can be quickly bought or sold.
8. A key characteristic of a financial center, referring to the dense gathering of banks and institutions.
10. A leading Asian financial hub that transformed from a trading port.
11. The current leading global financial center according to the GFCI