49 research outputs found

    Finance fragmented? Frankfurt and Paris as European financial centres after Brexit

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    Brexit creates an opportunity for alternative European financial centres. However, no comprehensive empirical analysis of the strategic positioning of actors within these financial centres has been conducted. In this article we outline findings from an extensive research project which we conducted in Frankfurt and Paris, two of the main ‘rivals’ to the City of London, in the aftermath of Brexit. We outline the core findings from this project and argue that the emerging competition between Frankfurt and Paris is shaped through four related axes: diversity, path dependency, territory and regulatory stability. Our analysis has implications for two bodies of literature within EU studies. First, inter-governmentalist and supra-nationalist approaches would benefit from interrogating more closely the contested sub-national politics of financial centres. Second, our analysis adds to a growing body of literature on European disintegration by interrogating the interaction of fragmentary and integrative dynamics in the sphere of European finance

    Cement technology for borehole plugging: an interim report on permeability measurements of cementitious solids

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    The permeability of borehole plug solids and plug-wall rock junctions is a property of major interest in the Borehole Plugging Program. This report describes the equipment and techniques used to determine the permeabilities of possible borehole plugging materials and presents results from tests on various cementitious solids and plug-rock combinations. The cementitious solids were made from mixtures of cement, sand, salt, fly ash, and water. Three different types of cement and four different fly ashes were used. Permeabilities ranged from a high value of 3 x 10/sup -4/ darcy for a neat cement paste to a low of 5 x 10/sup -8/ darcy for a saltcrete containing 30 wt % sodium chloride. Miniature boreholes were made in the following four different types of rock: Westerly granite, Dresser basalt, Sioux quartzite, and St. Cloud granodiorite. These small holes were plugged with a mix consisting of 23 wt % Type I Portland cement, 20 wt % bituminous fy ash, 43.2 wt % sand, and 13.8 wt % water. After curing for 91 days at ambient temperature, the permeability of the plug-wall rock junctions ranged from 3 x 10/sup -5/ to < 1 x 10/sup -8/ darcy. Three of the four miniature plugged boreholes exhibited permeabilities of < 10 microdarcys
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