Banks and Credit

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This chapter examines the academic contributions and policy impacts economic geographers have made to understanding the geographical processes inherent in banking operations and practices, and shows why exploring banking and consumer credit is important. It discusses the roles and relationships between banks and citizens through consumer credit. Since the 1990s, geographers have been at the forefront of research around banking and credit, particularly financial exclusion. Advances in information communication technologies enabled telephone- and internet-based banking, centralizing credit decision-making, thereby replacing the need for more expensive and time consuming face-to-face, in-branch relationship banking. Inclusive credit scoring attempts to add value to traditional credit scoring models by making new forms of data available so that individuals can access affordable and fair sources of credit. Economic geographers have been at the forefront of research on the uneven geographies of finance and consumer credit since the 1970s, providing nuanced understandings of consumer credit landscape and solutions that enable policy-makers to address financial exclusion.
Original languageEnglish
Title of host publicationThe Routledge Handbook of Financial Geography
EditorsJanelle Knox-Hayes, Dariusz Wojcik Wojcik
Place of PublicationNew York and London
PublisherRoutledge Taylor & Francis Group
Chapter17
Pages379-399
Number of pages21
Edition1
ISBN (Electronic)9781351119061
ISBN (Print)9780815369738
DOIs
Publication statusPublished - 1 Jan 2021

Keywords

  • financial geography
  • banks
  • credit

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