Abstract

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Effects of Bank Funds Management Activities on the Disintermediation of Bank Deposits

David E. Allen
Edith Cowan University - School of Finance and Business Economics

Jerry T. Parwada
University of New South Wales (UNSW) - School of Banking and Finance

Edith Cowan U, School of Finance and Business Econ.

Abstract:
This study investigates the alleged disintermediation of banks' traditional deposit-taking in favour of investment management activities. Using data on Australian bank-affiliated funds and a nine-year record of the parent banks' liability balances, this study finds that managed funds do not displace bank liabilities. Prudential capital adequacy requirements dissuade banks from using in-house managed investments as indirect conduits for raising funds in the same manner as deposit-taking.

Keywords: Bank deposits; Managed funds; Disintermediation

JEL Classifications: G21, G23

Accepted Paper Series

Date posted: February 22, 2002 ; Last revised: April 05, 2008

Suggested Citation

Allen, David E. Edmund and Parwada, Jerry T., Effects of Bank Funds Management Activities on the Disintermediation of Bank Deposits. Edith Cowan U, School of Finance and Business Econ.. Available at SSRN: http://ssrn.com/abstract=301026 or doi:10.2139/ssrn.301026

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Contact Information

David Edmund Allen (Contact Author) Edith Cowan University - School of Finance and Business Economics ( email ) 100 Joondalup Drive Joondalup, WA 6027 Australia +61 8 9400-5471 (Phone) +61 8 9400-5271 (Fax) HOME PAGE: http://www.business.ecu.edu.au/users/dallen/
Jerry T. Parwada University of New South Wales (UNSW) - School of Banking and Finance ( email ) Sydney NSW 2052 Australia

Abstract

References (21)

Date posted: February 22, 2002 ; Last revised: April 05, 2008

Suggested Citation

Contact Information

David Edmund Allen (Contact Author)

Jerry T. Parwada