A conversation with Lester Thurow: a walk on the dark side. (Dean of the Alfred P. Sloan School of Management at the Massachusetts Institute of ... Story): An article from: Bank Marketing

This digital document is an article from Bank Marketing, published by Bank Marketing Assn. on September 1, 1991. The length of the article is 2945 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Lester Thurow, dean of the Alfred P. Sloan School of Management, attributes the weakened competitive position of American banks to the nation's low savings and investment rates. Thurow notes that the low level of domestic savings forces American banks to borrow wholesale internationally to maintain retail lending to Americans. This dependence on foreign funds makes American banks vulnerable to international competition even in domestic markets. It also prevents American banks from competing effectively in global markets as they are competing with European and Japanese banks that can source their funds from local savers at a rate lower than that prevailing in international capital markets.

Citation Details
Title: A conversation with Lester Thurow: a walk on the dark side. (Dean of the Alfred P. Sloan School of Management at the Massachusetts Institute of Technology) (Cover Story)
Author: Barry I. Deutsch
Publication:Bank Marketing (Magazine/Journal)
Date: September 1, 1991
Publisher: Bank Marketing Assn.
Volume: v23 Issue: n9 Page: p16(5)

Article Type: Cover Story

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