Abstract
There is one particular difficulty in analysing the impact of technology on the operations of financial institutions. When electronic methods were first applied some 20 years ago, they were used to solve problems that had arisen from the normal course of business. Gradually, however, the internal logic of technological development has begun to dictate the forms of the services offered by financial institutions. To begin with it was the problems that were susceptible to analysis, and technology was only a means of solving them. Later on the technology acquired to some extent a life of its own, and services came on offer largely because they were technically possible.
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References
National Commission on Electronic Fund Transfers (1977), International Payments Symposium ( Washington, DC: NCEFT).
Revell, J. R. S. (1980), Costs and Margins in Banking: an International Survey ( Paris: OECD).
Revell, J. R. S. (1983), Banking and Electronic Fund Transfers ( Paris: OECD).
Revell, J. R. S. (1985), Costs and Margins in Banking: an International Survey: Statistical Supplement 1978–1982 ( Paris: OECD ).
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© 1986 Martinus Nijhoff Publishers, Dordrecht/Boston/Lancaster
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Revell, J. (1986). Implications of Information Technology for Financial Institutions. In: Fair, D.E. (eds) Shifting Frontiers in Financial Markets. Financial and Monetary Policy Studies, vol 12. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-5157-0_16
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DOI: https://doi.org/10.1007/978-94-009-5157-0_16
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-8782-7
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