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Are banks still important for financing large businesses?

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Author Info
Marc R. Saidenberg
Philip E. Strahan
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.

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Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.

Volume (Year): (1999)
Issue (Month): Jul ()
Pages:
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Handle: RePEc:fip:fednci:y:1999:i:jul:n:v.5no.12

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Keywords: Bank loans Commercial loans Financial crises

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