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Alternative financial service providers and the spatial void hypothesis

Author

Listed:
  • Marvin M. Smith
  • Tony E. Smith
  • John Wackes

Abstract

This paper examines the use of alternative financial service providers (AFSPs) such as check-cashing outlets and pawnshops in Philadelphia, Montgomery, Delaware, and Allegheny counties. Also explores whether these providers are disproportionately serving minority and low-income areas.

Suggested Citation

  • Marvin M. Smith & Tony E. Smith & John Wackes, 2007. "Alternative financial service providers and the spatial void hypothesis," Community Affairs Discussion Paper 07-01, Federal Reserve Bank of Philadelphia.
    • Handle: RePEc:fip:fedpcd:07-01
    as

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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/community-development/discussion-papers/discussionpaper-altfinsps.pdf
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    References listed on IDEAS

    as
    1. Julian Besag & James Newell, 1991. "The Detection of Clusters in Rare Diseases," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 154(1), pages 143-155, January.
    2. repec:rre:publsh:v:34:y:2004:i:2:p:191-205 is not listed on IDEAS
    3. Burkey, Mark L. & Simkins, Scott P., 2004. "Factors affecting the location of payday lending and traditional banking services in North Carolina," MPRA Paper 36043, University Library of Munich, Germany.
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    Cited by:

    1. Wayne Simpson & Jerry Buckland, 2016. "Dynamics of the Location of Financial Institutions," Economic Development Quarterly, , vol. 30(4), pages 358-370, November.

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