Situational crises tend to concentrate economic activity in centers where such activity is already historically more significant. As a result, financial markets — especially organized markets — tend to coalesce around these same centers. This is because they draw benefits from the higher level of liquidity that concentrate economic activity offers. This undoubtedly was one of the major causes of the waning of the financial market in Rio de Janeiro, and the hegemony conquered by Sao Paulo from the 1980s onwards.