Financial intermediation, infrastructure investment and regional growth. Issue 3 (2nd September 2017)

• Record Type: Journal Article
• Authors: Clark, Gordon L.
• Is Part Of: Area development and policy. Volume 2:Issue 3(2017)
• Page Start: 217
• Page End: 236
• Publication Date: 2017-09-02
• Subjects: Finance -- intermediation -- infrastructure -- regional development; G15 -- G21 -- R11; 金融 -- 中介 -- 基础设施 -- 区域发展; Finanzas -- intermediación -- infraestructura -- desarrollo regional; Финансы -- посредничество -- инфраструктура -- региональное развитие; Regional planning -- BRIC countries -- Periodicals; Economic development -- BRIC countries -- Periodicals; Rural-urban relations -- BRIC countries -- Periodicals; Human geography -- BRIC countries -- Periodicals; Regional planning -- Developing countries -- Periodicals; Economic development -- Developing countries -- Periodicals; Rural-urban relations -- Periodicals; Human geography -- Developing countries -- Periodicals; 338.90091724
• DOI: 10.1080/23792949.2017.1345641
• Languages: English
• ISSNs: 2379-2949

Abstract

ABSTRACT: Over the past 25 years or so, regional banks and related savings organizations have lost out to new forms of saving and investment. The recent successes and failures of financial intermediation and markets are noted, along with arguments to the effect we are in the midst of a global savings glut. The paper provides a stylized account of how new kinds of financial intermediaries have begun to fill the vacuum left by traditional intermediaries. Implications are drawn for European urban and regional growth in circumstances where financial intermediaries have sought to realize the value embedded in urban infrastructure.