Global banking and local markets: a national perspective

Pietro Alessandrini (), Andrea Filippo Presbitero () and Alberto Zazzaro ()

Cambridge Journal of Regions, Economy and Society, 2009, vol. 2, issue 2, pages 173-192

Abstract: In the early 1990s, a widely shared opinion among scholars and practitioners was that the importance of physical proximity between banks and borrowers would be doomed to decrease drastically over time and, put in extreme terms, the end of banking geography would become a real possibility. However, the empirical evidence shows the continued importance of local credit markets for small borrowers and local economic development. In this paper, we selectively review the literature on the real effects of bank consolidation and produce new evidence on the role of headquarter-to-branch functional distance on relationship lending. Copyright 2009, Oxford University Press.

Date: 2009

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Cambridge Journal of Regions, Economy and Society is edited by Susan Christopherson, Betsy Donald, Harry Garretsen, Meric Gertler, Amy Glasmeier, Mia Gray, Michael Kitson, Linda Lobao, Ron Martin, Linda McDowell, Jonathan Michie and Peter Tyler

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