The urban dynamics of financial services: centralities in the metropolis
Abstract: The objective of this paper is to develop arguments that compare the dynamics of financial capital and urban space. It is first argued that financial services follow a concentration-centralization logic, with highly specialized services being offered at central places in urban space, and less complex services with a more dispersed pattern. This characteristic simultaneously promotes a centralized-deconcentration effect on the urban structure: the dispersal of services and urban amenities reduces transport costs and improves urban balance in a few places, while complex services are usually highly centralized, therefore promoting unbalanced (centre-periphery) urban development. In order to understand the balance between these two effects, this paper proposes a preliminary investigation that examines the localization of banks, income and other socioeconomic features in the metropolitan area of Belo Horizonte, in Brazil.
| Main Authors: | , , |
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| Format: | Digital revista |
| Language: | English |
| Published: |
Nova Economia
2016
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| Online Access: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0103-63512016000401245 |
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