Some Thoughts on the Evolution of the Banking System and the Process of Financial Intermediation
作者讨论了金融服务业演变中的三个重要方面：行业整合及其带来的经济效应、银行结构变化引发的治理问题，以及银行业市场份额下降的原因。
The author discusses three areas she considers important in the evolution of the financial services industry: consolidation and the economies gained from it, governance issues that emerge as the structure of the banking industry changes, and the decline in the market share of banking. This decline in market share, she believes, may reflect a decline in demand for deposits rather than a decline in demand for relationship lending.