WHY BANKS HAVE A FUTURE: TOWARD A NEW THEORY OF COMMERCIAL BANKING
According to some observers, the commercial bank-an institution that conducts the twin activities of accepting deposits payable on demand and originating loans-has outlived its usefulness and is in a state of terminal decline. The broad statistical evidence for this contention, however, is somewhat mixed. While some studies suggest that the role of banks in the United States is declining, others suggest that banks are simply using new vehicles to offer their services and that their role has not diminished at all. 1996 Morgan Stanley.
Year of publication: |
1996
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Authors: | Rajan, Raghuram G. |
Published in: |
Journal of Applied Corporate Finance. - Morgan Stanley, ISSN 1078-1196. - Vol. 9.1996, 2, p. 114-128
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Publisher: |
Morgan Stanley |
Saved in:
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