This paper looks at the industrial organization of the investment banking industry. Longterm relationships between business firms and investment banks are pervasive in developed security markets. A vast literature argues that better monitoring and information result from relationships. Thus, security markets should allocate resources better when an investment banking industry exists. We study n...

today, banking is one of the most important sectors of the economy. banks with their economic and financial operations cause transfer of resources. resources are transferred from people who are not willing or able directly to participate in economic activities to those who need to capital for economic affairs and consequently causing economic growth for society. in islamic banking, circulation ...

Following entry into the European Community in 1986, Portugal transformed rapidly its repressed banking system with deregulation, the opening of borders, the granting of new banking licenses, and privatization. In a more competitive banking system, one would expect a priori an increase in operational efficiency. This paper attempts to quantify the magnitude of efficiency gains over the years 19...

The political and economic environment during the 80’s coupled with the lacking of reliable network backbone and the inefficient and ineffective telecommunication infrastructure in the 90’s had resulted in banks in China adopting de-centralized approach in their computerization programs. China officially became a member of WTO in November 2001, and by the beginning of 2007, Renminbi (China’s cu...

In its first part, the present essay focuses on one main thesis. The transition to full EMU and the introduction of the euro will have a more lasting effect on European banking than the previous Single Market Project (Europe 1992). They deal directly with money, the basic material of banking, and they pave the way to more aggressive bank strategies. In conjunction with other factors, they not o...

Although banking has been widely studied using standard DEA (Data Envelopment Analysis) models and its variations, these models do not in fact account for the internal structure relative to measures characterizing banking operations performance. In this paper, efficiency in Brazilian banking is measured using a two-stage process. In the first stage, called cost efficiency, number of branches an...

We embed the notion of banks as monitors who reduce risk into a “two-trees” framework, and consider an economy in which capital can be moved between the trees. We characterize how resources are optimally allocated between the intermediated banking sector and a risky sector as a function of the relative size of the banking sector — the bank share — and the speed at which capital can move in and ...

The author reviews the theoretical and empirical literature to examine the traditional perception that the following trade-off exists between economic efficiency and stability in the banking system: a competitive banking system is more efficient and therefore important to growth, but market power is necessary for stability in the banking system. That this trade-off exists is not clear. Market p...

The proliferation of the ICT ,smart phone, mobile technologies and other devices such as tab, note pad has encourage the users, financial organization and banks to use more m-banking services than before. The adoption of ICT varies on country to country according to the nature or characteristics of the people. And now a days, m-banking is considered to be an inseparable factor for financial fir...