Banking on the Wire

Robert Z. Aliber
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Robert Z. Aliber: University of Chicago

Chapter 17 in The New International Money Game, 2002, pp 265-278 from Palgrave Macmillan

Abstract: Abstract A revolution is hitting commercial banks. The technology of money payments is changing; the transfer of pieces of paper as parts of the money payments is being replaced by transmission of electronic impulses and computer tapes. As a result, the geographic scope of banking markets is increasing; formally protected regional markets are increasingly subject to competition from banks headquartered in other countries and areas. The effectiveness of national cartels in limiting competition among banks is declining. In the 1960s, US banks expanded rapidly abroad; in the late 1970s and 1980s, foreign banks and especially banks headquartered in Japan became extremely aggressive in the US markets for deposits and loans.

Keywords: Interest Rate; Commercial Bank; Market Area; Foreign Bank; Banking Market (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50097-6_17

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DOI: 10.1057/9780230500976_17

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