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Record Nr. |
UNINA9910785968603321 |
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Autore |
Pace R. Daniel <1963-, > |
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Titolo |
Limitations on the business of banking : an analysis of expanded securities, insurance, and real estate activities / / R. Daniel Pace |
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Pubbl/distr/stampa |
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Abingdon, Oxon : , : Routledge, , 2012 |
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ISBN |
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1-136-26533-3 |
1-283-71098-6 |
0-203-10826-4 |
1-136-26534-1 |
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Descrizione fisica |
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1 online resource (177 p.) |
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Collana |
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Routledge library editions. Banking & finance ; ; v. 25 |
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Disciplina |
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332.1 |
332.1/0973 |
332.10973 |
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Soggetti |
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Banks and banking - State supervision - United States |
Bank holding companies - Deregulation - United States |
Bank management - United States - Computer simulation |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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First published in 1995 by Garland Pub., Inc. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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LIMITATIONS ON THE BUSINESS OF BANKING An Analysis of Expanded Securities, Insurance, and Real Estate Activities; Copyright; LIMITATIONS ON THE BUSINESS OF BANKING AN ANALYSIS OF EXPANDED SECURITIES,INSURANCE, AND REAL ESTATE ACTIVITIES; Copyright; Contents; Chapter I Introduction; Motivation; Interstate Banking; Deregulation of the Savings and Loan Industry; Competition from the Insurance Industry; Competition from the Securities Industry; Securitization; Capital Markets; Globalization; Technology; A Question of Importance; Simulating the Risks and Returns of Expanded Bank Powers |
ContributionsMore and New Measures; Expanded Data; Superior Classification of Industries; Risk-reducing Behavior; Legal Environment; Format; Chapter II The Regulatory Boundaries of Bank Activities; The Banking Act of 1933; Section 16; Section 21; Section 20; Section 32; Congressional Rationality and the GSA; The McFadden Act; The Bank Holding Company Acts of 1956 and 1970; The Depository Institutions |
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Deregulation and Monetary Control Act of 1980; The Garn-St. Germain Depository Institutions Act of 1982; Significant Cases Concerning Bank Powers; Current Status of Bank Activity Expansion |
Recent State DevelopmentsInsurance; Securities; Real Estate; Concluding Remarks; Chapter III Hypothetical Merger Simulation Using Earnings; Literature Review; The Empirical Studies; Methodolog; Individual Firm Profitability; Individual Firm Risk; The Hypothetically Combined Portfolio; A Brief Digression; The Base Case; The Beneficial Merger Case; The Data; The Results; Concluding Remarks; Chapter IV Evidence Using Cash Flow Variables; Cash Flow Measures; Methodology and Data; Cash Flow Results; Earnings Less Dividends; NearCash; FlowCash; Cash Flow Measurement Remarks; Consensus Rankings |
Data CharacteristicsConcluding Remarks; Chapter V Summary; Accomplishments; The Regulatory Boundaries of Bank Activities; Hypothetical Merger Simulation Using Earnings; Evidence Using Cash Flow Variables; Areas Not Addressed by This Study; Economies of Scale and Scope; Social Costs and Benefits; Agency Costs; Merger Premiums; Mutual Organizations; Relative Measures; Only Public Firms; Capital Structure; Related Future Research; Different Measures; Bank versus Bank Holding Company Expansion; Geographical Diversification Through Product Diversification; Comparison to International Banks |
Simultaneous DiversificationA Financial Industry Perspective; Appendix A Simulation Run Example; Appendix B A Holding Period Return Extension; Market measure; Methodology; Results; Do Market Returns Change the Results?; References; Index |
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Sommario/riassunto |
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This book is a study of how expanded bank powers could affect the banking industry in the US. Using contemporaneous measures, expanded data, a finer classification of industries, risk-reducing behavior, and the legal and regulatory environment this volume provides a more complete picture than earlier studies. |
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