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Banks, regions and development

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  • Pietro Alessandrini

    ()
    (Università Politecnica delle Marche, Dipartimento di Economia, Ancona (Italy))

  • Luca Papi

    ()
    (Università Politecnica delle Marche, Dipartimento di Economia, Ancona (Italy))

  • Alberto Zazzaro

    ()
    (Università Politecnica delle Marche, Dipartimento di Economia, Ancona (Italy))

Abstract

From the 1980s onwards the banking sectors in all the industrialised countries have been experiencing intense restructuring, aggregation and consolidation, radically changing their ownership structures and geography. Whatever the reasons behind such restructuring processes, the globalisation of the credit markets, the consolidation of banking structures, the removal of barriers to the free location of banks and their penetration of peripheral markets pose two main questions. Will integration of the banking systems lead to a narrowing or a widening of the development gap between regions? What relations will there be between financial centres and the periphery, and how will financial labour be divided between national (international) banks and local (regional) banks? The aim of this paper is to address such questions in the light of recent developments in the theoretical and empirical literature on financial integration.

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Bibliographic Info

Article provided by Banca Nazionale del Lavoro in its journal BNL Quarterly Review.

Volume (Year): 56 (2003)
Issue (Month): 224 ()
Pages: 23-55

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Handle: RePEc:psl:bnlaqr:2003:12

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Keywords: Bank; Banking; Credit; Globalization; Restructuring;

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Cited by:
  1. Pietro Alessandrini & Manuela Croci & Alberto Zazzaro, 2005. "The geography of banking power: role of function distance," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, Banca Nazionale del Lavoro, vol. 58(235), pages 129-167.
  2. Pietro Alessandrini & Andrea F. Presbitero & Alberto Zazzaro, 2007. "Banks, distances, and financing constraints for firms," Proceedings 1053, Federal Reserve Bank of Chicago.
  3. Pietro ALESSANDRINI & Giorgio CALCAGNINI & Alberto ZAZZARO, 2006. "Asset Restructuring Strategies in Bank Acquisitions: Evidence from the Italian Banking Industry," Working Papers 264, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
  4. Pietro Alessandrini & Andrea Filippo Presbitero & Alberto Zazzaro, 2008. "Global Banking and Local Markets," Mo.Fi.R. Working Papers 4, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.

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