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Evolution Or Extinction: Where Are Banks Headed?

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  • Christopher James
  • Joel Houston

Abstract

The banking industry represents an interesting and important case study of how changes in technology and regulation influence business strategy and organizational design. A narrow focus on traditional bank products and performance measures would lead one to conclude that banking is a declining industry. Such a focus, however, would miss most of the innovations in banking-most notably, the move to "off-balance-sheet" activities-that have been taking place in recent years. A broader perspective shows banks evolving in ways that are enabling them to provide the same basic functions as before, but in new, more efficient ways. 1996 Morgan Stanley.

Suggested Citation

  • Christopher James & Joel Houston, 1996. "Evolution Or Extinction: Where Are Banks Headed?," Journal of Applied Corporate Finance, Morgan Stanley, vol. 9(2), pages 8-23.
  • Handle: RePEc:bla:jacrfn:v:9:y:1996:i:2:p:8-23
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    Cited by:

    1. E. Chrétien & V. Lyonnet, 2017. "Traditional and Shadow Banks during the Crisis," Débats économiques et financiers 27, Banque de France.
    2. Raquel Lago González & Jose A. Lopez & Jesús Saurina, 2007. "Determinants of access to external finance: evidence from Spanish firms," Working Paper Series 2007-22, Federal Reserve Bank of San Francisco.
    3. Dmitry I. Malakhov & Nikolay P. Pilnik & Igor G. Pospelov, 2015. "Stability of Distribution of Relative Sizes of Banks as an Argument for the Use of the Representative Agent Concept," HSE Working papers WP BRP 116/EC/2015, National Research University Higher School of Economics.
    4. Florian Heider & Roman Inderst, 2012. "Loan Prospecting," Review of Financial Studies, Society for Financial Studies, vol. 25(8), pages 2381-2415.
    5. Goldstein, Adam & Fligstein, Neil, 2010. "The Rise and Fall of the Nonconventional Mortgage Industry," Institute for Research on Labor and Employment, Working Paper Series qt1dm808j6, Institute of Industrial Relations, UC Berkeley.
    6. Houston, Joel F. & James, Christopher, 1998. "Do bank internal capital markets promote lending?," Journal of Banking & Finance, Elsevier, vol. 22(6-8), pages 899-918, August.
    7. Boot, Arnoud W. A. & Schmeits, Anjolein, 2000. "Market Discipline and Incentive Problems in Conglomerate Firms with Applications to Banking," Journal of Financial Intermediation, Elsevier, vol. 9(3), pages 240-273, July.
    8. Fligstein, Neil & Goldstein, Adam, 2012. "The Transformation of Mortgage Finance and the Industrial Roots of the Mortgage Meltdown," Institute for Research on Labor and Employment, Working Paper Series qt2zx8r7fb, Institute of Industrial Relations, UC Berkeley.
    9. Cybo-Ottone, Alberto & Murgia, Maurizio, 2000. "Mergers and shareholder wealth in European banking," Journal of Banking & Finance, Elsevier, vol. 24(6), pages 831-859, June.

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