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(Article of periodic en Anglais - 2013)

Document title

No more credit to Europe? Cross-border bank lending, financial integration, and the rebirth of the national scale as a credit scorecard

Authors(s) and Affiliation(s)

BASSENS D. (1) ; VAN MEETEREN M. (2) ; DERUDDER B. (2) ; WITLOX F. (2) ;
(1) Department of Geography, Vrije Universiteit Brussel, Brussels, BELGIQUE
(2) Dept. of Geography, Univ., Ghent, BELGIQUE

Abstract

This paper associates the resulting political–economic stasis of the Eurozone with the coevolution of the financial and monetary system at the European scale. By tracing the geographical patterns of cross-border lending of European banks in the period 2003–10, it demonstrates that in the precrisis conjuncture of convergence, the Eurozone seemed to develop ‘according to plan’ where the financial system appeared beneficial in terms of equalizing development. However, since the crisis there has been a conjuncture of ‘contagion’ in which country-level specificities increasingly determine creditworthiness. Meanwhile, it observes that European policy makers try to refit the monetary system to this new market rationality to make the European scale ‘perform’ again

Source

Article of periodic

published at : Environment & planning A / ISSN 0308-518X

Editor : Pion, London - ROYAUME-UNI (1974)

Millesime : 2013, vol. 45, no10 [pp. 2399-2419]

Bibliographic references : 4 p.

Collation : 6 fig., 3 tabl.

Language

Anglais

INIST-CNRS, Cote INIST : 15583 A

Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1068/a4618

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2013
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