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E-Finance: An Introduction

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  • Franklin Allen
  • James McAndrews
  • Philip Strahan

Abstract

" Franklin Allen, James McAndrews and Philip Strahan, October 2001 Abstract: E-finance is defined as "The provision of financial services and markets using electronic communication and computation". In this paper we outline research issues related to e-finance that we believe set the stage for further work in this field. Three areas are focused on. These are the use of electronic payments sys tems, the operations of financial services firms and the operation of financial markets. A number of research issues are raised. For example, is the widespread use of paper-based checks efficient? Will the financial services industry be fundamentally changed by the advent of the internet? Why have there been such large differences in changes to market microstructure across different financial markets?

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Bibliographic Info

Paper provided by Wharton School Center for Financial Institutions, University of Pennsylvania in its series Center for Financial Institutions Working Papers with number 01-36.

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Date of creation: Oct 2001
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Handle: RePEc:wop:pennin:01-36

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References

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Citations

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Cited by:
  1. Allen N. Berger, 2002. "The economic effects of technological progress: evidence from the banking industry," Finance and Economics Discussion Series 2002-50, Board of Governors of the Federal Reserve System (U.S.).
  2. Fernandez de Guevara, Juan & Maudos, Joaquin & Perez, Francisco, 2007. "Integration and competition in the European financial markets," Journal of International Money and Finance, Elsevier, vol. 26(1), pages 26-45, February.
  3. Emilia Bonaccorsi di Patti & Giorgio Gobbi & Paolo Emilio Mistrulli, 2004. "The interaction between face-to-face and electronic delivery: the case of the Italian banking industry," Temi di discussione (Economic working papers) 508, Bank of Italy, Economic Research and International Relations Area.

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