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Are banks still important for financing large businesses?

Author

Listed:
  • Marc R. Saidenberg
  • Philip E. Strahan

Abstract

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

    as
    1. Beverly Hirtle, 1990. "Bank loan commitments and the transmission of monetary policy," Research Paper 9009, Federal Reserve Bank of New York.
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