US Bank Deregulation in Historical Perspective
Editorial Reviews
Review
'... a provocative set of papers, each well argued and well documented.' Journal of Financial History Review
'Banks carry history in their structure, and Calomiris is an enthusiastic and perceptive guide to the tangled history and current structure of U.S. banking. His stimulating essays expose the origins and the costs of the American preference for fragmented banking. They reveal how bank regulations change to compensate for problems of previous regulations, resulting in the kaleidoscope of banking institutions in the United States today. Anyone interested in bank finance will want to read Calomiris's essays for their insights about the present and past, and the light they shed on the future of U.S. banking.' Peter Temin, Massachusetts Institute of Technology
'U.S. Bank Deregulation in Historical Perspective is a scholarly work of distinction. It explores in depth the economic, political, and legal contexts of the swing in the pendulum from over 100 years of restrictive regulation that limited the size and scope of U.S. banks to liberalizing deregulation in the 1980s and 1990s culminating in the Financial Institutions Modernization Act of 1999.' Anna J. Schwatz, National Bureau of Economic Research
Book Description
This book shows how deregulation is transforming the size, structure, and geographic range of U.S. banks, the scope of banking services, and the nature of bank-customer relationships. Over the past two decades the characteristics that had made American banks different from other banks throughout the world--a 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--virtually have been eliminated. Understanding the origins and persistence of the unique banking regulations that defined U.S. banking for over a century lends an important perspective on the economic and political causes and consequences of the current process of deregulation.
US Bank Deregulation in Historical Perspective
U.S. Bank Deregulation in Historical Perspective,Charles W. Calomiris,Cambridge University Press,0521583624,Banking law,Banks & Banking,Banks And Banking,Business & Economics,Business / Economics / Finance,Business/Economics,Deregulation,Economic History,Economics - General,Finance,Financial Institutions,United States,Banking,Banks and banking--Deregulation--United States,Business & Economics / Economic History
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