The evolution of U.S. finance / / Jane W. D'Arista

• Record Nr.: UNINA9910460430503321
• Autore: D'Arista Jane W.
• Pubbl/distr/stampa: London ; ; New York : , : Routledge, , 2015
• ISBN: 1-315-69981-8; 1-317-45697-1
• Descrizione fisica: 1 online resource (526 p.)
• Collana: Columbia University Seminar Series
• Disciplina: 332.0973
• Soggetti: Finance - United States; Monetary policy - United States; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: First published 1994 by M.E. Sharpe.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: ""Cover""; ""Half Title""; ""Title Page""; ""Copyright Page""; ""Dedication""; ""Table of Contents""; ""List of Tables and Figures""; ""Acknowledgments""; ""Preface""; ""Introduction""; ""Part I: The Framework for Financial Structure and Regulation""; ""1 The Current Debate on Regulatory Policy""; ""Introduction""; ""The Issue of Financial Consolidation""; ""Reorganizing the Regulatory Framework""; ""Eliminating Special Treatment for Banks""; ""The Limits to Deregulation""; ""The Impact of Financial Structure and Regulation on Economic Activity""; ""2 Issues in the Evolution of Federal Regulation""""Introduction""; ""Commercial and Investment Banking in the United States""; ""The Emerging Trend toward Financial Consolidation""; ""Financial Restructuring in the 1980s""; ""An Alternative Model: The German Universal Banking System""; ""3 The Changing Financial Environment""; ""Introduction""; ""The Monetary and Fiscal Environment""; ""The Interaction of Macroeconomic and Financial Developments in the 1970s""; ""Technological Change""; ""The Internationalization of Financial Institutions and Markets""; ""Changes in Demands for Financial Services""""Part II: The Goals of Regulation""; ""Introduction""; ""4 Access to Capital and Credit""; ""Introduction and Summary""; ""An Overview of the Federal ; Government's Role in Financial Markets""; ""The Effects of Interest Rate Deregulation on Credit Flows""; ""Product and Structural Changes That Altered Financial Flows""; ""The Absence of Market Innovations to Facilitate Capital Formation""; ""Summary of Policy Concerns""; ""5 Balancing Competition and Soundness: The Debate on Bank Regulation""; ""Introduction""; ""Soundness Regulation and Competitive Restraints""""Deregulation and Risk""; ""Interdependence and Systemic Risk""; ""Substituting Market Forces for Direct Regulation""; ""Regulating in a Deregulated Environment""; ""Managing Liquidity""; ""A Summary of Policy Concerns""; ""6 Promoting Competition and the Impartiality of Credit Decisions""; ""Introduction: Specialization and Diversity versus Consolidation""; ""Consolidation as an Impediment to Impartiality""; ""Consolidation and Financial Stability: The Role of Banks""; ""Conflicts of Interests""; ""Cross-Selling and Tying Financial Services""""The Concentration of Financial Resources""; ""Summary of Policy Concerns""; ""7 Preserving the Economic Functions of Financial Markets""; ""Introduction: An Overview of Financial ""Missions""""; ""Capital Investment Trends in the United States""; ""Developments in U.S. Capital and Credit Markets in the 1980s""; ""Changes in the Structure and Economic Functions of Capital Markets in the 1980s""; ""Summary of Policy Concerns""; ""Part III: Protecting Customers of Financial Institutions""; ""Introduction and Summary""; ""8 Regulation to Ensure Soundness and Fiduciary Responsibility""