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Journal Article
Financial markets in 2020
Advances in communications and information management, combined with new developments in financial theory, will radically alter the way that financial services are delivered in the next century. This is the view of Charles Sanford, Chairman of Bankers Trust, as expressed in his luncheon address at the Federal Reserve Bank of Kansas City's 1993 symposium on "Changing Capital Markets: Implications for Monetary Policy."> According to Sanford, the basic financial functions will still be present, but traditional financial products, such as loans, borrowings, and securities, will be replaced ...
Conference Paper
Financial markets in 2020