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Regions, cities and finance: the role of capital shocks and banking reforms in shaping the UK geography of prosperity

Michiel Daams et al.

Fiscal Studies2025https://doi.org/10.1111/1475-5890.70002article
AJG 2ABDC B
Weight
0.44

Abstract

This paper examines the role played by financial markets and, in particular, changes in the price of and access to capital, along with institutional changes in the financial system, in shaping UK regional growth fortunes. This issue has been largely overlooked in debates on UK regional productivity disparities, but new data are now shedding powerful light on it. Using uniquely detailed real‐estate investment data in order to calculate city and regional risk premiums, the demand side re‐emerges as an important part of the story, and this raises profound questions regarding the institutional logic and structure of the UK banking and financial system.

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https://doi.org/https://doi.org/10.1111/1475-5890.70002

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@article{michiel2025,
  title        = {{Regions, cities and finance: the role of capital shocks and banking reforms in shaping the UK geography of prosperity}},
  author       = {Michiel Daams et al.},
  journal      = {Fiscal Studies},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1111/1475-5890.70002},
}

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Regions, cities and finance: the role of capital shocks and banking reforms in shaping the UK geography of prosperity

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Evidence weight

0.44

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.32 × 0.4 = 0.13
M · momentum0.57 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.