Financial Institutions in Disadvantaged Areas
A Comparative Analysis of Policies Encouraging Financial Inclusion in Britain and the United States
Bibliographic Data
| ID | 4771001 |
|---|---|
| Authors | J Neill Marshall (Newcastle University), JM Marshall (Newcastle University, corresponding author) |
| Year | 2004 |
| Volume | 36 |
| Issue | 2 |
| Pages | 241-261 |
| Publication date | 2004-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a3664 |
| OpenAlex | W2152841784 |
| Language | EN |
| Citations received | 22 |
| References cited | 24 |
The paper compares British and US government policy initiatives to combat financial exclusion and promote community reinvestment. Financial exclusion, a general term for those who lack financial products, is concentrated in a small number of deprived urban areas in larger cities that are also starved of private sector investment. British policies, though they have drawn on US experience, predominantly treat exclusion as an individual problem and pay insufficient attention to the wider interconnections between people and place that underlie financial exclusion. These are more prominent in the Community Reinvestment Act (CRA) that has led to significant improvements in financial inclusion and community investment in the USA. The CRA is underpinned by a more compartmentalised and locally embedded system of financial regulation. Consolidation in the banking sector and the growth of competition between banks and other financial institutions in an increasingly integrated US financial sector threaten this. British policies seek to provide 'joined-up' solutions to financial exclusion in a manner that is more in tune with an integrated financial sector where a small number of large banks compete on a level playing field with other financial institutions. The paper highlights the difficulties that these policies face in enlisting the cooperation of financial institutions
Business · Community Reinvestment Act · Disadvantaged · Economic growth · Economics · Financial analysis · Financial inclusion · Financial intermediary · Financial regulation · Financial services · Financial system · Geography of finance · Indirect finance · Inter-dealer broker · Political science · Politics · Private sector · Banking stability, regulation, efficiency · Housing Market and Economics · Housing, Finance, and Neoliberalism · Finance
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Financial accessibility in branchless municipalities
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Giving Credit where it's Due
Governing Poverty in a Neoliberal Age
Risky Migrants
Geographies of money and finance II
Household Financial Access and Use of Alternative Financial Services in the U.S
Who’s afraid of red, yellow and green
Community Development Finance Institutions (CDFIs)
Targets of opportunity in two landscapes of financial globalization
The Geographies of Access to Enterprise Finance
Financial inclusion research around the world
Consulting the community
All Gone Now”
Banking for the Poor
Exploring ‘Alternatives' in the Consumer Credit Market
Hybrid property, path dependence, market segmentation and financial exclusion
Financial exclusion and the geography of bank and building society branch closure in Britain
Credit, Debt, and Everyday Financial Practices
The Lived Experience of Financialization at the UK Financial Fringe
The Politics of the Financial Services Revolution
Social Justice and the City
Institutionalising Future Geographies of Financial Inclusion
Neoliberalizing Space
Delivering joined–up government in the UK
Low-Income Households and Credit
Service not Included
Re-Placing Money
Financial Transformation and the Metropolis
Policy Watch
Money/Space
| Unique citing works | 22 |
|---|---|
| Citations per year | 1,05 |
| Citation span | 2005 - 2025 (21) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 22 |