Includes bibliographical references and index.

Introduction -- The globalization of financial services -- The virtualization of financial services -- Government regulation : the second key factor underlying industry structure -- The financial landscape : organizations and allfinanz banking (the status quo) -- Competitive strategies of international financial institutions -- Competitiveness of commercial banks from key countries (or, Why are the US banks ahead?) -- Responding to the challenge of the new economy -- Why insurance won't survive -- Investment banking at the crossroads -- Financial instruments and financial structures -- The generation of long-term investment to support long-term bond and stock market growth -- International financial centers -- Surviving the twenty-first century.0