Abstract

http://ssrn.com/abstract=2016784
 
 

Citations



 


 



Placing the Run on Northern Rock


John Neill Marshall


affiliation not provided to SSRN

Andy Pike


Newcastle University (UK)

Jane S. Pollard


Centre for Urban and Regional Development Studies

John Tomaney


Newcastle University (UK)

Stuart Dawley


affiliation not provided to SSRN

Joanna E. Gray


Newcastle University (UK) - Law School

January 6, 2012

Journal of Economic Geography, Vol. 12, No. 1, pp. 157-181

Abstract:     
The collapse and subsequent nationalization of Northern Rock in 2007-08 was the first major run on a UK retail bank since 1866. The Northern Rock case is exemplary on two fronts. First, described at the time of its collapse as an example of an aggressive business model employed by naïve management, it is now clear that Northern Rock marked the beginning of and provides insights into the credit crunch and wider global banking crisis. Second, Northern Rock provides a distinct context - geographically and institutionally - from which to explore the banking crisis. The paper utilizes management interviews, secondary literatures and an investigation of the wider impacts of the restructuring of Northern Rock to produce a reading from the perspective of a peripheral financial region. It contributes to attempts to understand financial geographies that range beyond the major international financial centres that often dominate debates in Economic Geography.

Keywords: credit crunch, geographies of finance, demutualization, Northern Rock

JEL Classification: R11, O16, O10, L00

Accepted Paper Series





Not Available For Download

Date posted: March 6, 2012  

Suggested Citation

Marshall, John Neill and Pike, Andy and Pollard, Jane S. and Tomaney, John and Dawley, Stuart and Gray, Joanna E., Placing the Run on Northern Rock (January 6, 2012). Journal of Economic Geography, Vol. 12, No. 1, pp. 157-181. Available at SSRN: http://ssrn.com/abstract=2016784

Contact Information

John Neill Marshall (Contact Author)
affiliation not provided to SSRN ( email )
Andy Pike
Newcastle University (UK) ( email )
Centre for Urban and Regional Development Studies
(CURDS)
England NE1 7RU
United Kingdom
Jane S. Pollard
Centre for Urban and Regional Development Studies ( email )
NEWCASTLE UPON TYNE, NE1 7RU
United Kingdom
HOME PAGE: http://www.ncl.ac.uk/gps/staff/profile/j.s.pollard
John Tomaney
Newcastle University (UK) ( email )
NEWCASTLE UPON TYNE, NE1 7RU
United Kingdom
Stuart Dawley
affiliation not provided to SSRN
No Address Available
Joanna E. Gray
Newcastle University (UK) - Law School ( email )
21 - 24 Windsor Terrace
Jesmond
Newcastle upon Tyne, NE1 7RU
United Kingdom
Feedback to SSRN


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