Description
Book SynopsisThe deregulation and disintermediation process, the globalization of financial markets, the emergence of new competitors, and the introduction of new information technologies have brought about profound changes in the banking industry. Banks have lost market share and show decreasing economic performance. In the wake of this Professor Canals addresses several important questions: are universal banks bound to disappear? What is the role of universal banks in modern financial markets? What should banks'' strategic reactions be to those changes in the industry?
Table of Contents1. THE TRANSFORMATION OF THE BANKING INDUSTRY AND THE THEORY OF FINANCIAL INTERMEDIATION ; 2. CAPITAL MARKETS VERSUS BANK INTERMEDIATION ; 3. THE SEPARATION BETWEEN COMMERCIAL AND INVESTMENT BANKING: THE CASE OF THE UNITED STATES ; 4. UNIVERSAL BANKS VERSUS SPECIALIZED BANKS ; 5. UNIVERSAL BANKS AND BANK/NON-FINANCIAL COMPANY GROUPS ; 6. GERMANY: THE RELATIONSHIP BETWEEN BANKS AND NON-FINANCIAL COMPANIES ; 7. THE JAPANESE MAIN BANK SYSTEM AND ITS INFLUENCE ON INDUSTRY ; 8. THE SPANISH FINANCIAL MODEL ; 9. THE INTERNATIONALIZATION OF BANKING ; 10. NEW ORGANIZATIONAL PATTERNS IN BANKING ; 11. UNIVERSAL BANKS, SPECIALIZED BANKS, AND THE REGULATION OF FINANCIAL SERVICES ; 12. THE FUTURE OF BANKING: SOME FINAL IDEAS
