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

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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.
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Author(s)
Parwada, Jerry
Allen, David
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Publication Year
2004
Resource Type
Journal Article
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UNSW Faculty