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Chapter 18 The New Economy and Banks and Financial Institutions Banks and financial institutions—indeed the financial sector generally —have been heavily influenced by “the new economy.” Some of these channels of influence have been direct and obvious whereas others have been more subtle, and there have been a few areas in which banks especially have lagged. Because of the financial sector’s importance and centrality for any economy, as well as some special characteristics of the sector, the study of its relation to the new economy is worthwhile. |