Banking in transition

George E. French
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George E. French: The Jerome Levy Economics Institute

Macroeconomics from EconWPA

Abstract: The bank as "general store" is slowly being replaced by the bank as conglomerate. This is because improvements in information technology and market efficiency are changing the way the activities of financial intermediaries are performed. The imperatives of cost minimization and competition have dictated that activities that were once performed together in one physical place by a few people are now performed separately by specialists. It is natural in this environment for entrepreneurs to form conglomerates of these various business units in order to fulfill the role once played by the bank as general store. The question is just how many will be absorbed as branches or affiliates of large organizations. George French's work addresses two questions: What are the reasons for banks' declining market share, and are further declines inevitable?

JEL-codes: E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mon and nep-pke
Date: 1999-06-15
Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on PostScript; pages: 43; figures: included
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http://129.3.20.41/eps/mac/papers/9906/9906005.pdf (application/pdf)

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