The role of credit in regional divergence
Spanish regions and Eurozone countries
Bibliographic Data
| ID | 7675655 |
|---|---|
| Authors | Sheila C Dow (0000-0001-9969-197X, University of Stirling), Carlos J Rodriguez-Fuentes (0000-0003-1885-4429), Carlos E Rodríguez (0000-0002-6831-0588, Universidad de La Laguna) |
| Year | 2020 |
| Volume | 40 |
| Issue | 4 |
| Pages | 712-727 |
| Publication date | 2020-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Brazilian Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0101-3157 • E-ISSN: 1809-4538 |
| Publisher | FapUNIFESP (SciELO) (PUBLISHER) |
| DOI | 10.1590/0101-31572020-3051 |
| OpenAlex | W3094350829 |
| SCIELO_PID | S0101-31572020000400712 |
| Language | EN |
| Citations received | 5 |
| References cited | 26 |
This paper provides a theoretical account of the role of regional differences in cyclical patterns of credit availability for patterns of regional convergence or divergence. While mainstream theories imply either equalising regional capital flows, or else lower credit availability for peripheral regions due to market imperfections, Post-Keynesian theory of liquidity preference and financial structure imply the scope for greater credit volatility for peripheral regions, especially in downturns, contributing to real economic divergence. This latter account is assessed by means of an empirical analysis of patterns in bank credit over the business cycle among the Spanish regions and Eurozone countries
Business cycle · Convergence (economics · Divergence (linguistics · Economics · Financial economics · Liquidity preference · Macroeconomics · Mainstream · Market liquidity · Monetary economics · Volatility (finance · Banking stability, regulation, efficiency · Economic Theory and Policy · Global Financial Crisis and Policies
Capital Versus the Regions
Global financial integration
Interregional and International Trade
The economic crisis in Europe
Financialisation and monetary union in Europe
Global banking and local markets
The local geographies of the financial crisis
The effects of the global financial crisis on European regions and cities
EMU versus the regions? Regional convergence and divergence in Euroland
Shocking aspects of monetary union
Credit Availability and Regional Development
A Market Perspective on Regional Disparities
Bank Credit and the Regions
Regional Finance
The Regional Financial Sector
EMU and the Regional Impact of Monetary Policy
On Money, Method and Keynes
One Market, One Money
Capital versus the Regions
Regional financialisation and financial systems convergence
| Unique citing works | 5 |
|---|---|
| Citations per year | 1,67 |
| Citation span | 2023 - 2025 (3) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |