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The Future of Banking: A Survey

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  • W. P. HOGAN

Abstract

The paper examines the prospects for banking. After a brief appraisal of the knowledge available at the time of the Wallis Inquiry in 1997, attention is directed to issues associated with asymmetric information and then technology. The former explains predominant influences in banking while the second is devoted to exploring what technological innovation is about and what this means for business operations. Attention then turns to the various functions which can be used to explain and define what banks are about. Most recent empirical evidence is assessed to establish the latest results about banking business. These are then used in conjunction with information and technology to derive a series of themes about future prospects.

Suggested Citation

  • W. P. Hogan, 1999. "The Future of Banking: A Survey," The Economic Record, The Economic Society of Australia, vol. 75(4), pages 417-427, December.
    • Handle: RePEc:bla:ecorec:v:75:y:1999:i:4:p:417-427
    DOI: 10.1111/j.1475-4932.1999.tb02577.x
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    References listed on IDEAS

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    1. Peter Docherty & Ron Bird & Timo Henckel & Gordon Menzies, 2016. "Australian prudential regulation before and after the global financial crisis," CAMA Working Papers 2016-49, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

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