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1、北京聯(lián)合大學(xué)畢業(yè)論文外文原文及譯文題目：浦發(fā)銀行核心競(jìng)爭(zhēng)力研究專業(yè)：金融學(xué)指導(dǎo)教師：劉迎春學(xué)院：商務(wù)學(xué)院學(xué)號(hào)：41班級(jí)：金融1202S姓名：方楊陽(yáng)一、外文原文WhatDrivesthePersistentCompetitivenessofSmallBankBillBassett,TomBrady..FinanceandEconomicsDiscussionSeries(Vol.52002),24-30The?decline?in?the?real?value?of?deposit?insurance,?howe
2、ver,?is?only?one?of?several?trends?in?the?financial?industry?that?could?have?weakened?the?competitiveness?of?small?banks?in?recent?years.?Among?these?other?developments?have?been?the?return?to?health?of?large?banknumerousmergers?that?have?increased?the?size?
3、and?scope?of?large?banks,?and?the?continued?increase?in?competition?from?mutual?funds?and?other?nonbank?financial?companies.????Mergers?and?acquisitions?have?reduced?the?number?of?banks?in?the?United?States?from?more?than?14,000?in?1985?to?about?8,300?at?the
4、?end?of?2000,?and?during?this?time?the?share?of?domestic?banking?assets?held?by?the?largest?100?banks?rose?from?about?half?to?almost?three-fourths?(Chart2).??Studies?of?consolidation?in?the?banking?industry?and?of?its?impact?on?small?bank?competitiveness?hav
5、e?reached?differing?conclusions.?However,?consolidation?interacts?with?the?decline?in?the?real?value?of?deposit?insurance?to?create?another?potentially?adverse?impact?on?the?competitiveness?of?small?banks.??The?creation?of?“mega-banks”?increases?the?possibil
6、ity?that?depositors?would?consider?these?larger?banks?to?be?“too?big?to?fail”?(TBTF),?which?would?implicitly?confer?a?greater?level?of?deposit?insurance?upon?large?bank?customers?than?those?of?small?banks.?Smaller?banks?contend?that?an?increase?in?the?nomina
7、l?value?of?deposit?insurance?is?needed?to?help?offset?this?perception?of?a?TBTF?policy?(Independent?Community?Bankers?Association?[2000]).?The?evolution?of?large,?complex?banking?organizations?has?led?federal?bank?regulators?to?warn?that?these?institutions?c
8、reate?the?potential?for?unusually?large?systemic?risks?to?the?national?and?international?economies?should?they?fail?(Greenspan?[1999]).?However,?the?Federal?Deposit?Insurance?Corporation?Improve
