Search results for "territorial bank"

Banks and Territory: Investigation in Knowledge and Building New Relationships between Territorial Banks and Local Actors

2014

A series of events in the late 1980s, such as the process of market globalization, the birth of virtual economy, the decrease in interest rates, made banks develop a sort of schizophrenic view of the market: on one side, in a scenario of globalization, they wanted to have contacts with international markets, in a logic which should have put an end to the geography of markets (R. O’Brien 1992); on the other side, during the 1990s, banks felt there were strong information asymmetries between suppliers and beneficiaries of funds. Because these asymmetries increased with geographical distance, banks felt the need to specialize and find their own place in the territory or, in other words, the ne…