Synopses & Reviews
In the wake of the drastic changes that have occurred in the world banking industry over the past two decades, Professor Canals's new book addresses several important questions: are universal banks bound to disappear? What is the role of universal banks and financial markets in the context of deregulation and disintermediation? What should banks' strategic reactions be to changes in the industry such as diversification, internationalization, and restructuring? And what role do banks play vis
Table of Contents
1. 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