Hub and Spoke: Deregulation, Spatial Restructuring, and Applied Economic Geography in Banking

The purpose of this paper is to relate the spatial structure of banking service networks to the dominant arenas of perceived competition among banking institutions. Of interest here is the contrast between the spatially redundant networks developed by banks in "branching states" under the...

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Bibliographic Details
Published in:Yearbook - Association of Pacific Coast Geographers 1994-01, Vol.56 (1), p.89-118
Main Authors: Rodrigue, Christine M., Oliver, Virginia L.
Format: Article
Language:English
Subjects:
ATMs
Bank loans
Banking industry
Banking regulation
Banking services
Deregulation
Economic competition
Industrial regulation
Interstate banking
Retail banking
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Summary:The purpose of this paper is to relate the spatial structure of banking service networks to the dominant arenas of perceived competition among banking institutions. Of interest here is the contrast between the spatially redundant networks developed by banks in "branching states" under the tight regulations of the late 1920s through early 1980s, and the hierarchicalized networks developing in response to deregulation since then. Information on institutional perceptions of competitive arenas and appropriate spatial responses was taken from 24 trade journals searched from 1980 through June 1993. A second purpose of the paper is to suggest applications for geographical analysis in rapidly changing industries, such as banking, based on Area Location Systems' work in providing Geographical Information Systems (GIS) and spatial analytic applications.
ISSN:0066-9628
1551-3211
1551-3211
DOI:10.1353/pcg.1994.0008