Bezpieczny Bank nr 2 (71) 2018, s. 7-29

Stefan Gärtner
head of the Research Department «Spatial Capital» at the Institute for Work and Technology, lecturer at the TU Dortmund University with long-term experience in regional/sectorial studies, financial systems studies, regional banking in economic development, balanced structural policy, local economy strategies, and public services

Jorge Fernandez-Mototo
PhD candidate at Otto-von-Guericke Universität Magdeburg anfd at the same time he works as Associate Manager in Scope Ratings GmbH

Governance, Cohesion and Banking in Spain from a Spatial Perspective


During the global financial crisis, regional banks – dependent on local savings and only able to lend these savings to customers within their respective regions – helped avoid a credit crunch in some countries; while in others, they did not fulfil this function. This paper elaborates governance structures that influenced the success of regional banking systems in Spain, with regard to regulation principles, the overall economic and political structures, and self-organisation of regional banks. With respect to the high importance of the decentralised banking sector in Germany, the paper compares the state of decentralised banking between Spain and Germany, concluding that the regional principle in Germany, a decentralized state structure with mechanisms of regional balance, and the self-governance of regional banks are important factors.

Key words: Oligopoly and Other Forms of Market Imperfection; Consumption, Saving and Wealth; Financial Crises; Banks, Depository Institutions, Micro Finance Institutions, Mortgages; Government Policy and Regulation; Size and Spatial Distributions of Regional Economic Activity

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