IDEAS home Printed from https://ideas.repec.org/p/bca/bocatr/91.html
   My bibliography  Save this paper

The Financial Services Sector: An Update on Recent Developments

Author

Listed:
  • Charles Freedman
  • Clyde Goodlet

Abstract

The Canadian financial industry continues to experience significant changes. This report provides an update on recent developments and re-examines a number of issues facing financial service providers that were identified in Technical Report No. 82. In particular, this report highlights the role of economies of scale and scope as they relate to mergers and concentration, the strategies being followed by financial service providers, and how changes in information technology have affected service delivery. Developments in these areas continue to pose significant challenges for financial service providers as they attempt to develop strategies to maintain their profitability and long-run viability.

Suggested Citation

  • Charles Freedman & Clyde Goodlet, 2002. "The Financial Services Sector: An Update on Recent Developments," Technical Reports 91, Bank of Canada.
  • Handle: RePEc:bca:bocatr:91
    as

    Download full text from publisher

    File URL: https://www.bankofcanada.ca/wp-content/uploads/2010/01/tr91.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:bla:intfin:v:3:y:2000:i:2:p:211-27 is not listed on IDEAS
    2. Charles Freedman & Clyde Goodlet, 1998. "The Financial Services Sector: Past Changes and Future Prospects," Technical Reports 82, Bank of Canada.
    3. Freedman, 2000. "Monetary Policy Implementation: Past, Present and Future – Will Electronic Money Lead to the Eventual Demise of Central Banking?," International Finance, Wiley Blackwell, vol. 3(2), pages 211-227, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Buiter, Willem H., 2006. "The elusive welfare economics of price stability as a monetary policy objective: why New Keynesian central bankers should validate core inflation," Working Paper Series 609, European Central Bank.
    2. Janet Hua Jiang & Enchuan Shao, 2020. "The Cash Paradox," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 177-197, April.
    3. Michael Woodford, 2001. "Monetary policy in the information economy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 297-370.
    4. Ben Fung & Miguel Molico & Gerald Stuber, 2014. "Electronic Money and Payments: Recent Developments and Issues," Discussion Papers 14-2, Bank of Canada.
    5. Walter Engert & Ben Fung, 2017. "Central Bank Digital Currency: Motivations and Implications," Discussion Papers 17-16, Bank of Canada.
    6. Danny Leung & Terence Yuen, 2007. "Labour Market Adjustments to Exchange Rate Fluctuations: Evidence from Canadian Manufacturing Industries," Open Economies Review, Springer, vol. 18(2), pages 177-189, April.
    7. Djaballah Mustapha, 2020. "The Relationship Between the Financial Innovation and the Money Supply: Empirical Study on the Maghreb Countries," Economics and Business, Sciendo, vol. 34(1), pages 168-178, February.
    8. repec:zbw:bofrdp:urn:nbn:fi:bof-201511261452 is not listed on IDEAS
    9. Dimitris Malliaropulos & Petros Migiakis, 2020. "Sovereign credit ratings and the fundamentals of the Greek economy," Economic Bulletin, Bank of Greece, issue 51, pages 1-30, July.
    10. Nawaf Ahmad Salem Alghusin & Ayman Abdalmajeed Alsmadi & Atala M. Alqtish & Raed Al-Qirem, 2017. "The Relationship between E-Banking Services and Profitability Jordanian Banks as a Case," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(5), pages 114-120, May.
    11. Jason Allen & Ying Liu, 2007. "Efficiency and economies of scale of large Canadian banks," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(1), pages 225-244, February.
    12. C. Sardoni, 2006. "Why Central Banks (and Money) Rule the Roost," Economics Working Paper Archive wp_457, Levy Economics Institute.
    13. Laurent, Alain & Monvoisin, Virginie, 2015. "Les nouvelles monnaies numériques : au-delà de la dématérialisation de la monnaie et de la contestation des banques," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 18.
    14. John Muellbauer & Pierre St-Amant & David Williams, 2015. "Credit Conditions and Consumption, House Prices and Debt: What Makes Canada Different?," Staff Working Papers 15-40, Bank of Canada.
    15. DIMITRIU, Mihail, 2017. "Currency, Financial System And Virtual Space. A Microeconomic Approach," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 4(1), pages 261-265.
    16. William B.P. Robson, 2009. "To the Next Level: From Gold Standard to Inflation Targets - to Price Stability?," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 285, March.
    17. Thornton, Daniel L., 2014. "Monetary policy: Why money matters (and interest rates don’t)," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 202-213.
    18. Tahiri, Noor Rahman, 2017. "Comparative Analysis of Afghanistan and Pakistan Central Banks Monetary Policy," MPRA Paper 82653, University Library of Munich, Germany, revised 05 Nov 2017.
    19. William R. White, 1998. "The coming transformation of continental european banking?," BIS Working Papers 54, Bank for International Settlements.
    20. Charles Freedman, 1998. "The Canadian Banking System," Technical Reports 81, Bank of Canada.
    21. repec:zbw:bofrdp:2015_023 is not listed on IDEAS
    22. Constantina Backinezos & Stelios Panagiotou & Christos Papazoglou, 2020. "The current account adjustment in Greece during the crisis: cyclical or structural?," Economic Bulletin, Bank of Greece, issue 51, pages 1-18, July.

    More about this item

    Keywords

    Financial institutions; Financial services;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bca:bocatr:91. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bocgvca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.