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The Future of Banking: A Survey
Author(s) -
HOGAN W. P.
Publication year - 1999
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1999.tb02577.x
Subject(s) - banking industry , empirical evidence , conjunction (astronomy) , business , information technology , knowledge management , accounting , economics , computer science , epistemology , philosophy , physics , astronomy , operating system
The paper examines the prospects for banking. After a brief appraisal of the knowledge available at the time of the Wallis Inquiry in 1997, attention is directed to issues associated with asymmetric information and then technology. The former explains predominant influences in banking while the second is devoted to exploring what technological innovation is about and what this means for business operations. Attention then turns to the various functions which can be used to explain and define what banks are about. Most recent empirical evidence is assessed to establish the latest results about banking business. These are then used in conjunction with information and technology to derive a series of themes about future prospects.