The Changing Geography of Banking and Finance: The Main Issues

Pietro Alessandrini, Michele Fratianni and Alberto Zazzaro ()

Chapter Chapter 1 in The Changing Geography of Banking and Finance, 2009, pp 1-11 from Springer

Abstract: Abstract Technological progress, deregulation, and consolidation have deeply changed the geography of the banking industry in many countries. In particular, two contrasting trends have emerged from the intense integration and consolidation process that have swept the European and US banking industry in the 1990s: the geographical diffusion of banking structures and instruments and the geographical concentration of banking power in few financial centers within each country. The first trend emerged as a result of the easing of geographical restrictions on banking activity, the opening of new branches, and the expansion of impersonal methods to conduct business, such as Internet-banking, home-banking, or phone-banking, which contributed to greatly reduce the operational distance that separates banks from their clientele

Keywords: Credit Market; Financial Center; Soft Information; Bank Branch; Banking Market (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-0-387-98078-2_1

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