The Financial Services Revolution: Policy Directions for the Future
In Chapter 5, William Shughart also considers the part that politics played in banking legislation during the 1930s, but he looks at the banking legislation passed in the United States. Shughart draws par ticular attention to the provisions in the Banking Act of 1933 that required the separation of...
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Format: | Elektronisch E-Book |
Sprache: | English |
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Dordrecht
Springer Netherlands
1988
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Ausgabe: | 1st ed. 1988 |
Schriftenreihe: | Innovations in Financial Markets and Institutions
1 |
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Online-Zugang: | BTU01 Volltext |
Zusammenfassung: | In Chapter 5, William Shughart also considers the part that politics played in banking legislation during the 1930s, but he looks at the banking legislation passed in the United States. Shughart draws par ticular attention to the provisions in the Banking Act of 1933 that required the separation of commercial and investment banking activ ities. Applying a public choice analysis, Shughart asks who gained from the provisions, and he concludes that the commercial banking industry, the investment banking industry, and the U. S. Treasury Department can all be said to have benefited in the years immedi ately following the passage of the act. Richard Timberlake, in his comment, extends Shughart's analysis to show how the federal gov ernment manipulated the monetary policy of the 1930s for its own benefit. The history of the regulation of the savings and loan industry is the subject of Chapter 6. James Barth and Martin Regalia examine the way in which regulation of the industry has evolved since the first savings and loan was established in the 1830s. They conclude that the stated purpose of regulation appears to have changed, even while the regulations themselves often have not. Barth and Regalia provide some important insights into the contribution of thrift regu lation to the current problems facing the indusb-y as well as some suggestions about the direction reform should-and should not take |
Beschreibung: | 1 Online-Ressource (368 p) |
ISBN: | 9789400932777 |
DOI: | 10.1007/978-94-009-3277-7 |
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spelling | The Financial Services Revolution Policy Directions for the Future edited by Catherine England, Thomas F. Huertas 1st ed. 1988 Dordrecht Springer Netherlands 1988 1 Online-Ressource (368 p) txt rdacontent c rdamedia cr rdacarrier Innovations in Financial Markets and Institutions 1 In Chapter 5, William Shughart also considers the part that politics played in banking legislation during the 1930s, but he looks at the banking legislation passed in the United States. Shughart draws par ticular attention to the provisions in the Banking Act of 1933 that required the separation of commercial and investment banking activ ities. Applying a public choice analysis, Shughart asks who gained from the provisions, and he concludes that the commercial banking industry, the investment banking industry, and the U. S. Treasury Department can all be said to have benefited in the years immedi ately following the passage of the act. Richard Timberlake, in his comment, extends Shughart's analysis to show how the federal gov ernment manipulated the monetary policy of the 1930s for its own benefit. The history of the regulation of the savings and loan industry is the subject of Chapter 6. James Barth and Martin Regalia examine the way in which regulation of the industry has evolved since the first savings and loan was established in the 1830s. They conclude that the stated purpose of regulation appears to have changed, even while the regulations themselves often have not. Barth and Regalia provide some important insights into the contribution of thrift regu lation to the current problems facing the indusb-y as well as some suggestions about the direction reform should-and should not take Macroeconomics/Monetary Economics//Financial Economics Finance, general Macroeconomics Finance Finanzinnovation (DE-588)4124975-6 gnd rswk-swf Kreditwesen (DE-588)4032950-1 gnd rswk-swf Bankrecht (DE-588)4004473-7 gnd rswk-swf Bankenaufsicht (DE-588)4004450-6 gnd rswk-swf Finanzdienstleistung (DE-588)4212226-0 gnd rswk-swf Kanada (DE-588)4029456-0 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf (DE-588)1071861417 Konferenzschrift 1987 Washington DC gnd-content (DE-588)1071861417 Konferenzschrift gnd-content Bankenaufsicht (DE-588)4004450-6 s Finanzinnovation (DE-588)4124975-6 s DE-604 Kanada (DE-588)4029456-0 g Bankrecht (DE-588)4004473-7 s USA (DE-588)4078704-7 g Finanzdienstleistung (DE-588)4212226-0 s Kreditwesen (DE-588)4032950-1 s England, Catherine edt Huertas, Thomas F. edt Erscheint auch als Druck-Ausgabe 9789401079716 Erscheint auch als Druck-Ausgabe 9780898382518 Erscheint auch als Druck-Ausgabe 9789400932784 https://doi.org/10.1007/978-94-009-3277-7 Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | The Financial Services Revolution Policy Directions for the Future Macroeconomics/Monetary Economics//Financial Economics Finance, general Macroeconomics Finance Finanzinnovation (DE-588)4124975-6 gnd Kreditwesen (DE-588)4032950-1 gnd Bankrecht (DE-588)4004473-7 gnd Bankenaufsicht (DE-588)4004450-6 gnd Finanzdienstleistung (DE-588)4212226-0 gnd |
subject_GND | (DE-588)4124975-6 (DE-588)4032950-1 (DE-588)4004473-7 (DE-588)4004450-6 (DE-588)4212226-0 (DE-588)4029456-0 (DE-588)4078704-7 (DE-588)1071861417 |
title | The Financial Services Revolution Policy Directions for the Future |
title_auth | The Financial Services Revolution Policy Directions for the Future |
title_exact_search | The Financial Services Revolution Policy Directions for the Future |
title_exact_search_txtP | The Financial Services Revolution Policy Directions for the Future |
title_full | The Financial Services Revolution Policy Directions for the Future edited by Catherine England, Thomas F. Huertas |
title_fullStr | The Financial Services Revolution Policy Directions for the Future edited by Catherine England, Thomas F. Huertas |
title_full_unstemmed | The Financial Services Revolution Policy Directions for the Future edited by Catherine England, Thomas F. Huertas |
title_short | The Financial Services Revolution |
title_sort | the financial services revolution policy directions for the future |
title_sub | Policy Directions for the Future |
topic | Macroeconomics/Monetary Economics//Financial Economics Finance, general Macroeconomics Finance Finanzinnovation (DE-588)4124975-6 gnd Kreditwesen (DE-588)4032950-1 gnd Bankrecht (DE-588)4004473-7 gnd Bankenaufsicht (DE-588)4004450-6 gnd Finanzdienstleistung (DE-588)4212226-0 gnd |
topic_facet | Macroeconomics/Monetary Economics//Financial Economics Finance, general Macroeconomics Finance Finanzinnovation Kreditwesen Bankrecht Bankenaufsicht Finanzdienstleistung Kanada USA Konferenzschrift 1987 Washington DC Konferenzschrift |
url | https://doi.org/10.1007/978-94-009-3277-7 |
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