Skip to main content
  • Book
  • © 2009

The Changing Geography of Banking and Finance

  • Sheds new light on the dynamics banking in the electronic era, with surprising results of empirical research

  • Investigates the impact of bank consolidation, especially in regard to credit and capital for small and medium-sized businesses; demonstrates that physical proximity to lending institutions remains important

  • International in scope, with coverage of America, Europe, and Asia

  • Distinguished editors and contributors, who will promote the book at conferences and roundtable discussions

  • Includes supplementary material: sn.pub/extras

Buying options

eBook USD 109.00
Price excludes VAT (USA)
  • ISBN: 978-0-387-98078-2
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 149.99
Price excludes VAT (USA)
Hardcover Book USD 219.99
Price excludes VAT (USA)

This is a preview of subscription content, access via your institution.

Table of contents (13 chapters)

  1. Front Matter

    Pages i-xii
  2. Distance and Banks’ Organization

    1. Front Matter

      Pages 13-13
    2. The Changing Geography of Banking and Finance: The Main Issues

      • Pietro Alessandrini, Michele Fratianni, Alberto Zazzaro
      Pages 1-11
    3. Does Distance Matter in Banking?

      • Kenneth P. Brevoort, John D. Wolken
      Pages 27-56
    4. Distance, Bank Organizational Structure, and Lending Decisions

      • Geraldo Cerqueiro, Hans Degryse, Steven Ongena
      Pages 57-74
    5. Geographical Organization of Banking Systems and Innovation Diffusion

      • Pietro Alessandrini, Andrea F. Presbitero, Alberto Zazzaro
      Pages 75-108
    6. Distance and Internet Banking

      • Guido de Blasio
      Pages 109-130
  3. Borders and Market Structure

    1. Front Matter

      Pages 131-131
  4. Regulatory Framework and Financial Centers

    1. Front Matter

      Pages 213-213
  5. Back Matter

    Pages 295-300

About this book

Two contrasting trends have emerged from the intense integration and consolidation process that have swept the European and U.S. banking industry in the 1990s: the geographical diffusion of banking structures and instruments and the geographical concentration of banking power in a few financial centers within each country. The first trend has contributed to greatly reduce the operational distance that separates banks from their clientele. The second has increased the functional distance that separates the bank’s decision center from its operational branches.  The conflicting movements in operational and functional distances have left a mark on market structure, financial integration and regulation of the banking industry, and have induced a transformation in organizational structures, lending behavior and relationships between banks and firms. This book, not only surveys the great research effort that has been made recently on the geography of banking and finance, but also provides new insights and empirical evidence on how the geography of banking and finance has evolved and impacted its customers.

This is a timely and valuable volume that collects up-to-date empirical research on the geography of the banking industry and financial centers.

Allen N. Berger
H. Montague Osteen, Jr. Professor in Banking and Finance
Moore School of Business
University of South Carolina, USA

The geography of banking has changed dramatically in recent years, under the combined effect of new information technology, deregulation and international integration. This book assesses thoroughly what we know and what we don't know yet about this process and about its effects on the provision of credit to households and firms (especially small and medium ones). It is going to be a valuable reference on the evolution of the banking industry for years to come.

Marco Pagano
Professor of Economics
University of Naples Federico II, Italy

The subdiscipline concerned with the geography of banking is a relatively new one, and the research frontier is still largely unexplored. This book makes a timely and valuable contribution to opening up this territory; providing intriguing insight into how new information technologies, financial innovation, de- and re-regulation, and globalisation processes more generally, are reshaping not only the geographies of banking itself, but also the spatialities of credit provision, financial flows and monetary circulation. An essential read for financial economists, economic geographers and all those interested in the world of finance.

Ron Martin
Professor of Economic Geography
University of Cambridge, UK

Keywords

  • Banking
  • Banking Industry
  • Credit
  • Economic Geography
  • Financial Regulation
  • Financial Transactions
  • Internet banking
  • Lending
  • Mergers and Acquisitions
  • Monetary Policy
  • Small and Medium-Sized Enterprises (SMEs)

About the authors

Pietro Alessandrini is Professor of Monetary Economics and European Monetary Policy at Università Politecncia delle Marche in Ancona, Italy. He is one of the founders of Rivista Italiana degli Economisti of the Società Italiana degli Economisti, of which he was Vice-President (1998-2001). He is on the Editorial Board of Economia Marche – Review of Regional Studies, Q.A. – La Questiona Agraria, Sviluppo Locale, and il Ponte. He is also President of the scientific committee of MIF-ISTAO. He has published on banking, financial systems, and international economics. See www.dea.unian.it/alessandrini/

Michele Fratiani is the CIBER Eminent Faculty Fellow at the Kelley School of Business, Indiana University, and Professor of Economics at the Università Politecnica delle Marche in Ancona, Italy. He is a Founding Editor of Open Economies Review (Springer) and is on the Editorial Board of the North-American Journal of Economics and Finance, Review of International Organizations (Springer), and Review of Economic Conditions in Italy. He is also a series editor of European and Transatlantic Studies (Springer). He has published on monetary economics, international finance, and monetary and financial history. See www.bus.indiana.edu/fratianni/

Alberto Zazzaro is Professor of Economics at Università Politecnica delle Marche, a Research Associate with Labis (Ancona, Italy), and CFEPSR (Portici, Itlay), the General Secretary of the Società Italiana deglie Economisti, and the Managing Editor of the Rivista Italiana degli Economisti. He has published on banking, corporate governance, industrial organization, theory of money, and economic growth. See www.dea.unian.it/zazzaro/

Bibliographic Information

Buying options

eBook USD 109.00
Price excludes VAT (USA)
  • ISBN: 978-0-387-98078-2
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 149.99
Price excludes VAT (USA)
Hardcover Book USD 219.99
Price excludes VAT (USA)