DMCA
Financial Evolution in Core and Peripheral Areas: Tracking Ohio’s Metropolitan Experience
BibTeX
@MISC{Kozlowski_financialevolution,
author = {Paul J. Kozlowski},
title = {Financial Evolution in Core and Peripheral Areas: Tracking Ohio’s Metropolitan Experience},
year = {}
}
Share
 |
 |
 |
 |
||
OpenURL
Abstract
Abstract. The wave of mergers, acquisitions and consolidations in the financial industry since 1994 changed the spatial environment. This paper investigates features of core and peripheral metropolitan areas in Ohio. From a spatial perspective, the Cleveland metropolitan area pos-sesses financial characteristics more closely matched to those of a high-end benchmark finan-cial-core such as Charlotte, North Carolina than to those of medium-size MSAs within the state. Findings suggest that medium-size MSAs are unlikely to be financial-core areas and that they are not evolving in that direction. Although peripheral areas lack a comparative advantage for developing depth and breath of financial services and are subject to a retailing function from large out-of-market institutions, there was no explicit evidence of funds drainage from me-dium-size peripheral areas because of compliance with the Community Reinvestment Act.
Keyphrases
peripheral area ohio metropolitan experience financial evolution medium-size msas financial service north carolina high-end benchmark finan-cial-core explicit evidence retailing function peripheral metropolitan area large out-of-market institution spatial environment financial-core area community reinvestment act fund drainage me-dium-size peripheral area spatial perspective comparative advantage financial industry
