Are banks still important for financing large businesses?

Marc R. Saidenberg and Philip E. Strahan

Current Issues in Economics and Finance, 1999, vol. 5, issue Jul

Abstract: As more corporations turn to the securities markets to meet their funding needs, the role of banks as providers of credit to large businesses seems increasingly uncertain. But a look at developments during the financial market turmoil last fall suggests that banks are still a critical source of liquidity at times of economic stress.

Keywords: Bank loans; Commercial loans; Financial crises (search for similar items in EconPapers)
Date: 1999
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