The Italian banking system and its consolidation process are spatially heterogeneous and reflect the traditional dualism between the provinces of the Centre-North and the Southern regions of Mezzogiorno. Since the 1990s, a process of M&As, which interested the banks headquartered in the South very often (if not exclusively) as targets, has radically changed the geography of banking power in Italy. Not only the number of banks is lower in the Mezzogiorno than elsewhere, but also the functional distance of the banking system from Southern provinces is higher and grew faster than in the Centre- North. Thus, the effects of the consolidation process are spatially differentated. Even taking into account firm-specific characteristics, access to banking credit is highly heterogeneous, with firms located in the South facing more binding financing constraints than their counterparts in the Centre-North.

La Nuova Geografia Bancaria nel Mezzogiorno: la Necessità di un Approccio Sistemico / Alessandrini, Pietro; Presbitero, Andrea Filippo. - In: ECONOMIA MARCHE. - ISSN 1120-9593. - (2010).

La Nuova Geografia Bancaria nel Mezzogiorno: la Necessità di un Approccio Sistemico

ALESSANDRINI, Pietro;PRESBITERO, Andrea Filippo
2010-01-01

Abstract

The Italian banking system and its consolidation process are spatially heterogeneous and reflect the traditional dualism between the provinces of the Centre-North and the Southern regions of Mezzogiorno. Since the 1990s, a process of M&As, which interested the banks headquartered in the South very often (if not exclusively) as targets, has radically changed the geography of banking power in Italy. Not only the number of banks is lower in the Mezzogiorno than elsewhere, but also the functional distance of the banking system from Southern provinces is higher and grew faster than in the Centre- North. Thus, the effects of the consolidation process are spatially differentated. Even taking into account firm-specific characteristics, access to banking credit is highly heterogeneous, with firms located in the South facing more binding financing constraints than their counterparts in the Centre-North.
2010
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11566/57206
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