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Journal of Financial Services Research

, Volume 22, Issue 1–2, pp 5–27 | Cite as

E-Finance: An Introduction

  • Franklin Allen
  • James McAndrews
  • Philip Strahan
Article

Abstract

E-finance is defined as “The provision of financial services and markets using electronic communication and computation”. In this paper we outline research issues related to e-finance that we believe set the stage for further work in this field. Three areas are focused on. These are the use of electronic payments systems, the operations of financial services firms and the operation of financial markets. A number of research issues are raised. For example, is the widespread use of paper-based checks efficient? Will the financial services industry be fundamentally changed by the advent of the Internet? Why have there been such large differences in changes to market microstructure across different financial markets?

E-finance internet research. 

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Copyright information

© Kluwer Academic Publishers 2002

Authors and Affiliations

  • Franklin Allen
    • 1
  • James McAndrews
    • 2
  • Philip Strahan
    • 3
  1. 1.University of PennsylvaniaU.S.A
  2. 2.Federal Reserve Bank of New YorkU.S.A
  3. 3.Boston CollegeU.S.A

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