Format:
1 Online-Ressource (xxxii, 359 pages)
,
digital, PDF file(s)
ISBN:
9780511528569
Content:
This book shows how and why deregulation has transformed the size, structure and geographic range of US banks, the scope of banking services, and the nature of bank-customer relationships. Over recent decades the characteristics that had made American banks different - the fragmented geographical structure of the industry, which restricted the scale of banks and their ability to compete with one another, and strict limits on the kinds of products and services commercial banks could offer - have virtually been eliminated. Understanding the origins and persistence of the unique banking regulations that defined US banking for over a century lends an important perspective on the economic and political causes and consequences of the current process of deregulation. History helps to define the political constituencies for and against deregulation, the political process through which bank regulations are determined, and the way deregulation is likely to affect future bank performance and stability
Content:
Regulation, industrial structure, and instability in U.S. banking: an historical perspective -- The origins of banking panics: model, facts, and bank regulation -- The origins of federal deposit insurance -- The costs of rejecting universal banking: American finance in the German mirror -- The evolution of market structure, information, and spreads in American investment banking -- Universal banking, "American style
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Additional Edition:
ISBN 9780521583626
Additional Edition:
ISBN 9780521028387
Additional Edition:
Print version ISBN 9780521583626
Language:
English
Subjects:
Economics
DOI:
10.1017/CBO9780511528569
URL:
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