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[...]The final force of change is the continual evolution of thedelivery channels through which financial services are offered.This has occurred in many ways and in several stages. First, theuse of postal services substituted for physical market presence;this was followed by increased use of...
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A paper presented at the June 2000 conference quot;Specialization, Diversification, and the Structure of the Financial System: The Impact of Technological Change and Regulatory Reform,quot; sponsored by the Federal Reserve Bank of New York
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