IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v30y1998i12p2211-2226.html
   My bibliography  Save this article

Re-Placing Money: The Evolution of Branch Banking in Britain

Author

Listed:
  • D J Pratt

    (Geography Department, University of Southampton, Highfield, Southampton S017 1BJ, England)

Abstract

Despite the prominence of London in the international financial system the majority of citizens and small and medium-sized enterprises in the United Kingdom have always been reliant on the domestic banking system for their finance. In this paper the author looks at the production and reproduction of financial space in the United Kingdom through an examination of the development of the domestic banking system. Over the past 250 years progressive changes in the banking system, from the formation of joint-stock blanks to the implementation of credit-scoring techniques, have stretched and reshaped the space across which banks have operated. This ‘financial distanciation’, it is argued, is set to accelerate in the 1990s and increase the ‘spatial reflexivity’ between the international, national, and regional financial systems. It is suggested that in the context of heightened domestic and international financial competition the increasing centralisation of lending control in the UK banking system risks marginalising some sections of society and placing local economic communities at an international disadvantage.

Suggested Citation

  • D J Pratt, 1998. "Re-Placing Money: The Evolution of Branch Banking in Britain," Environment and Planning A, , vol. 30(12), pages 2211-2226, December.
    • Handle: RePEc:sae:envira:v:30:y:1998:i:12:p:2211-2226
    DOI: 10.1068/a302211
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a302211
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a302211?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Michael Moran, 1991. "The Politics of the Financial Services Revolution," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37789-9, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ron Boschma & Matté Hartog, 2014. "Merger and Acquisition Activity as Driver of Spatial Clustering: The Spatial Evolution of the Dutch Banking Industry, 1850–1993," Economic Geography, Taylor & Francis Journals, vol. 90(3), pages 247-266, July.
    2. Degryse, Hans & Matthews, Kent & Zhao, Tianshu, 2018. "SMEs and access to bank credit: Evidence on the regional propagation of the financial crisis in the UK," Journal of Financial Stability, Elsevier, vol. 38(C), pages 53-70.
    3. Neill Marshall & Stuart Dawley & Andy Pike & Jane Pollard & Mike Coombes, 2019. "An evolutionary perspective on the British banking crisis," Journal of Economic Geography, Oxford University Press, vol. 19(5), pages 1143-1167.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Niall Majury, 2007. "Technology and the Architecture of Markets: Reconfiguring the Canadian Equity Market," Environment and Planning A, , vol. 39(9), pages 2187-2206, September.
    2. Holger Vieten, 1995. "Auditing in Britain and Germany compared: professions, knowledge and the state," European Accounting Review, Taylor & Francis Journals, vol. 4(3), pages 485-514.
    3. Andrew Sobel, 1997. "Domestic policy choices, political institutional change, and financial globalization-super-1," International Interactions, Taylor & Francis Journals, vol. 24(4), pages 345-377, July.
    4. Anston Rambarran, 2001. "The Scope for Inflation Targeting in a Developing Economy: Feasibility, Implications and Design Issues for Trinidad & Tobago," Money Affairs, CEMLA, vol. 0(1), pages 25-49, January-J.
    5. Emiliano Grossman, 2006. "Europeanization as an Interactive Process: German Public Banks Meet EU State Aid Policy," Journal of Common Market Studies, Wiley Blackwell, vol. 44(2), pages 325-348, June.
    6. Jim Buller & Nicole Lindstrom, 2013. "Hedging its Bets: The UK and the Politics of European Financial Services Regulation," New Political Economy, Taylor & Francis Journals, vol. 18(3), pages 391-409, June.
    7. Shiu-Fai Wong, 2005. "Obliging Institutions and Industry Evolution: A Comparative Study of the German and UK Wind Energy Industries," Industry and Innovation, Taylor & Francis Journals, vol. 12(1), pages 117-145.
    8. Joel Bogdanski & Alexandre Antonio Tombini & Sergio R. Da C. Werlang, 2001. "Implementing Inflation Targeting in Brazil," Money Affairs, CEMLA, vol. 0(1), pages 1-23, January-J.
    9. Detzer, Daniel, 2019. "Financialization made in Germany: A review," IPE Working Papers 122/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    10. John Barry Howcroft & Rehan Ul-Haq & Richard Hammerton, 2008. "Bank regulation and the process of internationalisation: A study of Japanese bank entry into London," The Service Industries Journal, Taylor & Francis Journals, vol. 30(8), pages 1359-1375, September.
    11. Christopher Gentle & Daniel Dorling & James Comford, 1994. "Negative Equity and British Housing in the 1990s: Cause and Effect," Urban Studies, Urban Studies Journal Limited, vol. 31(2), pages 181-199, March.
    12. Katherine M Johnson, 2006. "Sovereigns and Subjects: A Geopolitical History of Metropolitan Reform in the USA," Environment and Planning A, , vol. 38(1), pages 149-168, January.
    13. repec:spo:wpmain:info:hdl:2441/5adcidkke9omt0s9p8s03ic8p is not listed on IDEAS
    14. J. N. Marshall & A. Pike & J. S. Pollard & J. Tomaney & S. Dawley & J. Gray, 2012. "Placing the run on northern rock," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 157-181, January.
    15. Jack Copley & Maria Eugenia Giraudo, 2019. "Depoliticizing space: The politics of governing global finance," Environment and Planning C, , vol. 37(3), pages 442-460, May.
    16. Timothy J Sinclair, 2000. "Reinventing Authority: Embedded Knowledge Networks and the New Global Finance," Environment and Planning C, , vol. 18(4), pages 487-502, August.
    17. A Leyshon & N J Thrift, 1992. "Liberalisation and Consolidation: The Single European Market and the Remaking of European Financial Capital," Environment and Planning A, , vol. 24(1), pages 49-81, January.
    18. Emiliano Grossman, 2003. "Bringing Politics Back In:Rethinking the Role of Economic Interest Groups in European Integration," Les Cahiers européens de Sciences Po 2, Centre d'études européennes (CEE) at Sciences Po, Paris.
    19. Mark Beeson, 2003. "East Asia, The International Financial Institutions And Regional Regulatory Reform," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 8(3), pages 305-326.
    20. Manuel B Aalbers & Ewald Engelen & Anna Glasmacher, 2011. "‘Cognitive Closure’ in the Netherlands: Mortgage Securitization in a Hybrid European Political Economy," Environment and Planning A, , vol. 43(8), pages 1779-1795, August.
    21. Ewald Engelen, 2011. "Grasping the Spatial Paradoxes of Finance: Theoretical Lessons from the Case of Amsterdam," Chapters, in: Ben Derudder & Michael Hoyler & Peter J. Taylor & Frank Witlox (ed.), International Handbook of Globalization and World Cities, chapter 22, Edward Elgar Publishing.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:30:y:1998:i:12:p:2211-2226. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.