Effects of Bank Funds Management Activities on the Disintermediation of Bank Deposits
Edith Cowan U, School of Finance and Business Econ.
26 Pages Posted: 22 Feb 2002
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 Classification: G21, G23
Suggested Citation: Suggested Citation
Allen, David 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: https://ssrn.com/abstract=301026 or http://dx.doi.org/10.2139/ssrn.301026
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