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Universal Banking "American-Style"

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Author Info
Charles W. Calomiris

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Abstract

American coroporate banking has undergone enormous change over the past two decades. That change reflects a combination of long-run competitive pressures and short-run performance problems that led US banks and their regulators to a new American version of global universal banking. From the perspective of the scale and scope of banks, these changes represent a convergence of US banks to international norms in banking. At the same time, the US version of universal banking entails novel linkages between banks and financial markets in the pursuit of enhancing bank-customer relationships. These new linkages give universal banking a new complexity and richness which banks outside the US will increasingly imitate.

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Publisher Info
Article provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.

Volume (Year): 154 (1998)
Issue (Month): 1 (March)
Pages: 44-
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Handle: RePEc:mhr:jinste:urn:sici:0932-4569(199803)154:1_44:uba_2.0.tx_2-c

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Related research
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Find related papers by JEL classification:
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages

Cited by:
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  1. Sandeep Baliga & Ben Polak, 1998. "Banks Versus Bonds: the Emergence and Persistence of Two Financial Systems," Discussion Papers 1221, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
  2. Allen N. Berger & J. David Cummins & Mary A. Weiss & Hongmin Zi, 2000. "Conglomeration Versus Strategic Focus: Evidence from the Insurance Industry," Center for Financial Institutions Working Papers 99-29, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
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This page was last updated on 2009-11-13.


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