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Title: Secular change pressures in UK corporate bank lending
Author: Johnson, James Stewart
Awarding Body: Loughborough University of Technology
Current Institution: Loughborough University
Date of Award: 1995
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This thesis examines the question of the existence of banks as financial intermediaries. It is apparent in UK corporate bank lending that there is a long-term secular decline which is reducing the scale and affecting the form of such lending and which is inducing a redefinition of the role of banks in the financial system. In the final analysis banks exist as a response to market imperfections: scale economies; information asymmetries; monitoring reputation; control facilities; and commitment abilities. These provide alternative conditions defining banks, their position in the financial system and their comparative advantages.
Supervisor: Not available Sponsor: Loughborough University of Technology
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: Banking