U.S. Bank Deregulation in Historical Perspective
Seiten
2006
Cambridge University Press (Verlag)
978-0-521-02838-7 (ISBN)
Cambridge University Press (Verlag)
978-0-521-02838-7 (ISBN)
This book shows how and why deregulation has transformed US banks, the scope of banking services and the nature of bank-customer relationships. This historical approach helps to ground the arguments for and against deregulation, the political process which determines bank regulations, and the way deregulation may affect future bank performance and stability.
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.
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.
Acknowledgements; Introduction; 1. Regulation, industrial structure, and instability in U.S. banking: an historical perspective; 2. The origins of banking panics: models, facts, and bank regulation with Gary Gorton; 3. The origins of federal deposit insurance with Eugene N. White; 4. The costs of rejecting universal banking: American finance in the German mirror; 5. The evolution of market structure, information, and spreads in American investment banking with Daniel M. G. Raff; 6. Universal banking, 'American style'; Indexes.
| Erscheint lt. Verlag | 2.11.2006 |
|---|---|
| Zusatzinfo | 75 Tables, unspecified; 2 Line drawings, unspecified |
| Verlagsort | Cambridge |
| Sprache | englisch |
| Maße | 152 x 228 mm |
| Gewicht | 584 g |
| Themenwelt | Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre | |
| ISBN-10 | 0-521-02838-8 / 0521028388 |
| ISBN-13 | 978-0-521-02838-7 / 9780521028387 |
| Zustand | Neuware |
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