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Are banks still important for financing large businesses?

Philip E. Strahan and Marc R. Saidenberg

Current Issues in Economics and Finance, 1999, 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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Handle: RePEc:fip:fednci:y:1999:i:jul:n:v.5no.12