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003			ZW-GwMSU
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008			241127b |||||||| |||| 00| 0 eng d
022			_a03128962
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHD31 AUS
100	1		_aWilliams, Barry _eauthor
245	1	4	_aThe chicken or the egg?: _bthe trade-off between bank fee income and net interest margins/ _ccreated by Barry Williams and Gulasekaran Rajaguru
264	1		_aLos Angeles : _bSage, _c2013.
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aAustralian journal of management _vVolume 38, number 1,
520	3		_aThis study considers the time series relationship between bank fee income and bank net interest margins in Australia, applying panel vector autoregressions to a unique, hand-collected dataset. Increases in bank fee income are being used to supplement decreases in net interest margins. The increase in magnitude of fee income associated with reductions in margin income is smaller than the decrease in net interest margins, resulting in a net wealth transfer favouring users of bank services; although not all users of bank services gained and/or gained equally. The overall increase in fee income is marginally greater that the reduction in margin income. It is argued that banks have responded to falling margin revenue by increasing their range of fee-based services, especially insurance. Increases in fee income are found to pre-date declines in margin income, thus Australian banks were pro-active in the process of disintermediation.
650			_aBank charge _vInterest margin _xVAR model
700	1		_aRajaguru, Gulasekaran _eco author
856			_uhttps://doi.org/10.1177/0312896212440268
942			_2lcc _cJA
999			_c168422 _d168422