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The New Economics of Banking

Editor

Listed:
  • Morten Balling

Author

Listed:
  • David T. Llewellyn

Abstract

All aspects of banking business are being radically transformed and to an extent that is changing the fundamental economics of the banking firm and the banking industry. This is because of three dominant factors: a series of powerful pressures acting simultaneously; technology is changing the very core of banking business: infor-mation advantages, processing, moni-toring, delivery, etc; and because, as a result of these pressures, competition is increasingly developing from outside the traditional banking industry. The paper reviews the pressures impinging on the economics of banking and considers their implications for the structure of the banking industry; the business operations of banks, and the structure of the banking firm."

Suggested Citation

  • David T. Llewellyn, 1999. "The New Economics of Banking," SUERF Studies, SUERF - The European Money and Finance Forum, number 5 edited by Morten Balling, May.
    • Handle: RePEc:erf:erfstu:5
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    References listed on IDEAS

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    3. Consoli, Davide, 2005. "The dynamics of technological change in UK retail banking services: An evolutionary perspective," Research Policy, Elsevier, vol. 34(4), pages 461-480, May.
    4. Abdelaziz HAKIMI & Helmi HAMDI & Mouldi DJELASSI, 2012. "Modelling Non-Interest Income at Tunisian Banks," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 2(1), pages 88-99, March.
    5. Panayotis Kapopoulos & Fotios Siokis, 2005. "Market Structure, Efficiency and Rising Consolidation of the Banking Industry in the Euro Area," Bulletin of Economic Research, Wiley Blackwell, vol. 57(1), pages 67-91, January.

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