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Are banks still important for financing large businesses?


  • Marc R. Saidenberg
  • Philip E. Strahan


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.

Suggested Citation

  • Marc R. Saidenberg & Philip E. Strahan, 1999. "Are banks still important for financing large businesses?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 5(Jul).
  • Handle: RePEc:fip:fednci:y:1999:i:jul:n:v.5no.12

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    References listed on IDEAS

    1. Bauer, Paul W. & Eberts, Randall W., 1990. "Exports and regional economic restructuring," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 20(1).
    2. Howard Howe & Mark Leary, 1995. "New York merchandise exports," Research Paper 9529, Federal Reserve Bank of New York.
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