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Financial Services and the Urban System: An Exploration

Author

Listed:
  • John B. Parr

    (Department of Urban Studies, University of Glasgow, 25 Bute Gardens, Glasgow G12 8RS, UK, J.B.Parr@socsci.gla.ac.uk)

  • Leslie Budd

    (School of Business and Management, Brunel University, Uxbridge, UB8 3PH, UK, Leslie.Budd@brunel.ac.uk)

Abstract

Financial services have come to represent an increasingly important sector in the economies of developed nations. Although a substantial literature has accumulated on this topic, relatively little attention has been given to the locational aspects of financial services. An attempt is made here to examine the spatial structure of this sector in terms of the urban system, drawing on the principles of central-place theory, the limitations and applicability of which are considered. This is followed by a discussion of the salient features of financial services within the overall urban system. After describing the differentiation of financial services in frequency terms, the hierarchical structure of the UK urban system is outlined. These two aspects are then related, in order to demonstrate the ordered nature of the spatial structure of financial services. There follows a brief discussion of the findings and their implications for future work.

Suggested Citation

  • John B. Parr & Leslie Budd, 2000. "Financial Services and the Urban System: An Exploration," Urban Studies, Urban Studies Journal Limited, vol. 37(3), pages 593-610, March.
    • Handle: RePEc:sae:urbstu:v:37:y:2000:i:3:p:593-610
    DOI: 10.1080/0042098002131
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    References listed on IDEAS

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    Cited by:

    1. Jaime Sobrino, 2013. "Urban demographic growth: the case of megacities," Chapters, in: Peter Karl Kresl & Jaime Sobrino (ed.), Handbook of Research Methods and Applications in Urban Economies, chapter 14, pages 343-371, Edward Elgar Publishing.
    2. Ridhwan, M.M. & Nijkamp, P. & Rietveld, P., 2008. "Regional development and monetary policy : a review of the role of monetary unions, capital mobility and locational effects," Serie Research Memoranda 0007, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.

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