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Visions about the Future of Banking

Editor

Listed:
  • Morten Balling

Author

Listed:
  • Hans J. Blommestein

Abstract

I will address in this study the future of banking. This will be done against the backdrop of revolutionary forces shaping an increasingly fast-moving banking landscape. The first part of the study focuses on the ultra-long drivers of banking structures and institutions. To that end, I will identify the long-term determinants of our rapidly changing society. The second part will outline the implications of this long-term vision for the strategic direction and business models of banks in the near future.

Suggested Citation

  • Hans J. Blommestein, 2006. "Visions about the Future of Banking," SUERF Studies, SUERF - The European Money and Finance Forum, number 2006/2 edited by Morten Balling, May.
    • Handle: RePEc:erf:erfstu:40
    as

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    References listed on IDEAS

    as
    1. Monnet, Cyril & Quintin, Erwan, 2007. "Why do financial systems differ? History matters," Journal of Monetary Economics, Elsevier, vol. 54(4), pages 1002-1017, May.
    2. Vennet, Rudi Vander, 1996. "The effect of mergers and acquisitions on the efficiency and profitability of EC credit institutions," Journal of Banking & Finance, Elsevier, vol. 20(9), pages 1531-1558, November.
    3. Leo Van Hove, 2004. "Electronic Purses in Euroland: Why do Penetration and Usage Rates differ?," SUERF Studies, SUERF - The European Money and Finance Forum, number 2004/4 edited by Morten Balling, May.
    4. Robert C. Merton & Zvi Bodie, 2005. "Design Of Financial Systems: Towards A Synthesis Of Function And Structure," World Scientific Book Chapters, in: H Gifford Fong (ed.), The World Of Risk Management, chapter 1, pages 1-27, World Scientific Publishing Co. Pte. Ltd..
    5. David C. Wheelock, 1993. "Is the banking industry in decline? Recent trends and future prospects from a historical perspective," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 3-22.
    6. Mark W. Olson, 2005. "Business trends and management challenges for the banking industry: speech at the Annual Economic Outlook Conference, Middle Tennessee State University, Murfreesboro, Tennessee, September 16, 2005," Speech 143, Board of Governors of the Federal Reserve System (U.S.).
    7. Cara S. Lown & Carol L. Osler & Philip E. Strahan & Amir Sufi, 2000. "The changing landscape of the financial services industry: what lies ahead?," Economic Policy Review, Federal Reserve Bank of New York, issue Oct, pages 39-54.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. George Furstenberg, 2008. "Assessing the Competitiveness of International Financial Services in Particular Locations: A Survey of Methods and Perspectives," Open Economies Review, Springer, vol. 19(4), pages 539-556, September.
    2. Sõrg, Mart & Tuusis, Danel, 2008. "Foreign banks increase the social orientation of Estonian financial sector," Wirtschaftswissenschaftliche Diskussionspapiere 01/2008, University of Greifswald, Faculty of Law and Economics.
    3. Dick Wensveen, 2008. "Notes And Communications," De Economist, Springer, vol. 156(3), pages 307-338, September.
    4. Emeka Okereke & Ufuoma Earnest Ofierohor, 2021. "Digitalization as vehicle for Financial Institutions’ Growth and Effectiveness," International Journal of Science and Business, IJSAB International, vol. 5(1), pages 105-114.

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    More about this item

    Keywords

    banking; technology waves; fast-forward modernisation; post-utopian society; global techno-market order; life-cycle risks and products; new banking architectures and business models; Mergers and Acquisitions; risk diversification.;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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