The Changing Geography of Banking and Finance: The Main Issues

  • Pietro Alessandrini
  • Michele Fratianni
  • Alberto Zazzaro


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


Credit Market Financial Center Soft Information Bank Branch Banking Market 
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We thank Marco Pagano for his comments and suggestions.


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Copyright information

© Springer Science+Business Media, LLC 2009

Authors and Affiliations

  • Pietro Alessandrini
    • 1
  • Michele Fratianni
    • 2
  • Alberto Zazzaro
    • 3
  1. 1.Dipartimento di EconomiaUniversità Politecnica delle MarcheAnconaItaly
  2. 2.Indiana UniversityUSA
  3. 3.Universita Politecnica delle MarcheItaly

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