FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3158983313> ?p ?o ?g. }

• W3158983313 abstract "Executive Summary: Across the United States, local governments are reconsidering their relationships with private financial service firms. As finance has come to dominate the U.S. economy in recent decades—and as the financial services industry has become increasingly concentrated in a few gigantic banks—community resources seem to flow from Main Street to Wall Street, with few channels of return. The banking industry, by design, places private profits ahead of public service. Banks like Wells Fargo, meanwhile, remain mired in scandal. Communities are ready for change.A countermovement is growing. Local governments and community activists seek to reclaim control of their financial destinies through the direct public ownership of financial institutions. Public banks, owned by state or municipal governments and dedicated to public service, have a proven track record of promoting local economic development and financial inclusion in the U.S. and abroad.Banking is a privilege, a public trust. Advocates of public banking argue that it should be in public hands. This report makes a preliminary case for public banking in Baltimore. It does so, first, by examining a new chapter in Baltimore’s history of disinvestment. Across the city, large commercial banks are closing branches, shutting down critical points of financial access for individuals and small businesses and contributing to ongoing patterns of financial exclusion in the city’s marginalized communities. Financialization has repackaged redlining. From this foundation, the report then turns to the growing public banking movement, examining how advocates in other places have conceptualized public banking as a productive solution to challenges like those facing Baltimore. In cities as diverse as Los Angeles, Seattle, Philadelphia, New York, and Santa Fe, advocates are advancing public banking under two rubrics: “Government-led” public banking, advanced by state and municipal officials, focuses on developing public financial institutions that serve the needs of local governments and generate broad-based economic development. “Community-led” public banking, led by social justice advocates, dedicates more attention to overcoming financial exclusion and ensures capital flows to traditionally marginalized communities. Both government-led and community-led approaches to public banking can point to successful precedents in U.S. and global banking markets. The report provides brief case studies of three such models: the Bank of North Dakota, German Sparkassen, and postal banking. It also places these examples in conversation with the dominant, privately directed, public service financial infrastructure that U.S. policymakers have long preferred. With these examples in mind, the report returns to Baltimore, where the city’s existing network of Community Financial Development Institutions and new Neighborhood Investment Initiative Fund offer promising foundations for more ambitious public banking goals. But where city leaders are using finance to add resources to neglected communities, public banking can multiply these contributions, magnifying their impact. The report concludes with a simple recommendation: Conduct a feasibility study. The failure of private finance to provide for the needs of the city and its diverse communities demands public response. Public banking is one such response, one that requires thoughtful and in-depth study." @default.
• W3158983313 created "2021-05-10" @default.
• W3158983313 creator A5059753895 @default.
• W3158983313 date "2019-07-01" @default.
• W3158983313 modified "2023-09-24" @default.
• W3158983313 title "The Municipal Banking Movement: An Opportunity for Baltimore" @default.
• W3158983313 hasPublicationYear "2019" @default.
• W3158983313 type Work @default.
• W3158983313 sameAs 3158983313 @default.
• W3158983313 citedByCount "0" @default.
• W3158983313 crossrefType "journal-article" @default.
• W3158983313 hasAuthorship W3158983313A5059753895 @default.
• W3158983313 hasConcept C10138342 @default.
• W3158983313 hasConcept C139043278 @default.
• W3158983313 hasConcept C144133560 @default.
• W3158983313 hasConcept C162324750 @default.
• W3158983313 hasConcept C17744445 @default.
• W3158983313 hasConcept C2780110086 @default.
• W3158983313 hasConcept C2780837152 @default.
• W3158983313 hasConcept C29122968 @default.
• W3158983313 hasConcept C3116431 @default.
• W3158983313 hasConcept C34447519 @default.
• W3158983313 hasConcept C43609274 @default.
• W3158983313 hasConceptScore W3158983313C10138342 @default.
• W3158983313 hasConceptScore W3158983313C139043278 @default.
• W3158983313 hasConceptScore W3158983313C144133560 @default.
• W3158983313 hasConceptScore W3158983313C162324750 @default.
• W3158983313 hasConceptScore W3158983313C17744445 @default.
• W3158983313 hasConceptScore W3158983313C2780110086 @default.
• W3158983313 hasConceptScore W3158983313C2780837152 @default.
• W3158983313 hasConceptScore W3158983313C29122968 @default.
• W3158983313 hasConceptScore W3158983313C3116431 @default.
• W3158983313 hasConceptScore W3158983313C34447519 @default.
• W3158983313 hasConceptScore W3158983313C43609274 @default.
• W3158983313 hasLocation W31589833131 @default.
• W3158983313 hasOpenAccess W3158983313 @default.
• W3158983313 hasPrimaryLocation W31589833131 @default.
• W3158983313 hasRelatedWork W1558977003 @default.
• W3158983313 hasRelatedWork W1696524755 @default.
• W3158983313 hasRelatedWork W1927555791 @default.
• W3158983313 hasRelatedWork W1992541346 @default.
• W3158983313 hasRelatedWork W2061557982 @default.
• W3158983313 hasRelatedWork W230901198 @default.
• W3158983313 hasRelatedWork W2345231490 @default.
• W3158983313 hasRelatedWork W2349047360 @default.
• W3158983313 hasRelatedWork W2400574398 @default.
• W3158983313 hasRelatedWork W2471680515 @default.
• W3158983313 hasRelatedWork W2740632034 @default.
• W3158983313 hasRelatedWork W2768337742 @default.
• W3158983313 hasRelatedWork W2999202271 @default.
• W3158983313 hasRelatedWork W3124984963 @default.
• W3158983313 hasRelatedWork W3125305128 @default.
• W3158983313 hasRelatedWork W3141702678 @default.
• W3158983313 hasRelatedWork W3142227663 @default.
• W3158983313 hasRelatedWork W3175221855 @default.
• W3158983313 hasRelatedWork W830575953 @default.
• W3158983313 hasRelatedWork W2168055582 @default.
• W3158983313 isParatext "false" @default.
• W3158983313 isRetracted "false" @default.
• W3158983313 magId "3158983313" @default.
• W3158983313 workType "article" @default.