Banks, Regions and Development

PSL Quarterly Review, Vol. 56, No. 224, pp.23-55, 2003

33 Pages Posted: 10 May 2013

See all articles by Pietro Alessandrini

Pietro Alessandrini

Polytechnic University of Marche - Faculty of Economics

Luca Papi

Polytechnic University of Marche - Faculty of Economics

Alberto Zazzaro

Polytechnic University of Marche - Faculty of Economics

Date Written: March 15, 2003

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.

Keywords: Bank, Banking, Credit, Globalization, Restructuring

JEL Classification: G21, R11, G28, G34

Suggested Citation

Alessandrini, Pietro and Papi, Luca and Zazzaro, Alberto, Banks, Regions and Development (March 15, 2003). PSL Quarterly Review, Vol. 56, No. 224, pp.23-55, 2003, Available at SSRN: https://ssrn.com/abstract=2262722

Pietro Alessandrini (Contact Author)

Polytechnic University of Marche - Faculty of Economics ( email )

Piazzale Martelli, 8
60121 Ancona
Italy

Luca Papi

Polytechnic University of Marche - Faculty of Economics ( email )

Piazzale Martelli, 8
60121 Ancona
Italy
+39 71 2207083 (Phone)

Alberto Zazzaro

Polytechnic University of Marche - Faculty of Economics ( email )

Piazzale Martelli, 8
60121 Ancona
Italy

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