Banks as creators and transmitters of information in historical perspective

  1. Di Caprio, Debora 2
  2. Santos-Arteaga, Francisco J. 1
  1. 1 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

  2. 2 University of Trento
    info

    University of Trento

    Trento, Italia

    ROR https://ror.org/05trd4x28

Revista:
Vie & sciences de l'entreprise

ISSN: 2262-5321

Año de publicación: 2010

Volumen: N° 185-186

Número: 3

Páginas: 76-104

Tipo: Artículo

DOI: 10.3917/VSE.185.0076 GOOGLE SCHOLAR

Otras publicaciones en: Vie & sciences de l'entreprise

Resumen

The current paper argues that commercial banks have used the main developments in information and communication technologies of the last thirty years to specialize in both the creation and transmission of information. The ability to create financial information provides banks with an important strategic advantage that widens as technological innovations allow for an increase in the level of industrial and informational concentration among the larger banks. This concentration process takes place at the expense of the smaller banks that cannot cope with the assimilation and development of the newly introduced information technologies. A descriptive analysis illustrating how this type of structural transformation process has taken place within the evolution of the U.S. commercial banking industry is provided and its relation to the subprime financial crises studied.

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