05050oam 2200697I 450 991095912460332120251116235856.01-315-69981-81-317-45697-110.4324/9781315699813 (CKB)3710000000417975(EBL)3569205(SSID)ssj0001536780(PQKBManifestationID)11926767(PQKBTitleCode)TC0001536780(PQKBWorkID)11510514(PQKB)10131390(MiAaPQ)EBC3569205(OCoLC)958107333(Au-PeEL)EBL3569205(CaPaEBR)ebr11060310(CaONFJC)MIL791610(OCoLC)929508689(EXLCZ)99371000000041797520180706d20151994 uy 0engur|n|---|||||txtccrThe evolution of U.S. finance /Jane W. D'Arista1st ed.London ;New York :Routledge,2015.1 online resource (526 p.)Columbia University Seminar SeriesFirst published 1994 by M.E. Sharpe.1-56324-233-8 1-56324-232-X Includes bibliographical references and index.""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""Volume II of this book grew out of the author's work as an economist for the U.S. Congress on the staff of the House Banking Committee. It is a re-examination of the validity of traditional concerns in order to establish the Context for congressional actions to modify the existing regulatory and structural framework.Columbia University seminar series.FinanceUnited StatesMonetary policyUnited StatesFinanceMonetary policy332.0973332.10973D'Arista Jane W.814138MiAaPQMiAaPQMiAaPQBOOK9910959124603321The evolution of U.S. finance4459244UNINA