Banks and Credit

Authored by: Lindsey Appleyard

The Routledge Handbook of Financial Geography

Print publication date:  December  2020
Online publication date:  December  2020

Print ISBN: 9780815369738
eBook ISBN: 9781351119061
Adobe ISBN:

10.4324/9781351119061-21

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Abstract

Mainstream financial institutions, or banks, are commercial enterprises, driven by profit to provide banking services for consumers and enterprises. Banking services can include transactional current accounts, credit facilities such as mortgages, credit cards, overdrafts, and loans. Full and fair access to these services is an essential part of everyday life in order to secure basic needs such as housing, employment, and affordable credit. Understanding how such institutions operate is important to ensure that banks are promoting financially inclusive and responsible lending practices for economic stability and growth without detrimental impacts on the economy or society. This chapter examines the academic contributions and policy impacts economic geographers have made to understanding the geographical processes inherent in banking operations and practices, and therefore shows why exploring banking and consumer credit is important.

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