Potential of Istanbul as an International Financial Center: A Comparison with Shanghai and Dubai

Abstract

Istanbul as one of the newly emerging financial centers as well as Shanghai and Dubai, rushed up to the world stage after the financial crises of the last two decades. This article developed two level instrumental factors by summarized preconditions and theories of International financial center to evaluate potential powers of Istanbul by comparative analysis with Shanghai and Dubai. It investigates the best practiced official indexes and reports along with books and articles. Finally conclude with the strengths and weaknesses of Istanbul, looking into its feasibility and competitiveness position as well. (C) 2016 The Authors. Published by Elsevier B.V.