Why Banks Have A Future: Toward A New Theory Of Commercial Banking
AbstractAccording to some observers, the commercial bank-an institution that conducts the twin activities of accepting deposits payable on demand and originating loans-has outlived its usefulness and is in a state of terminal decline. The broad statistical evidence for this contention, however, is somewhat mixed. While some studies suggest that the role of banks in the United States is declining, others suggest that banks are simply using new vehicles to offer their services and that their role has not diminished at all. 1996 Morgan Stanley.
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Bibliographic InfoArticle provided by Morgan Stanley in its journal Journal of Applied Corporate Finance.
Volume (Year): 9 (1996)
Issue (Month): 2 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1078-1196
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