LEADER 05189oam 2200733I 450 001 9910813312503321 005 20230801224947.0 010 $a1-136-26533-3 010 $a1-283-71098-6 010 $a0-203-10826-4 010 $a1-136-26534-1 024 7 $a10.4324/9780203108260 035 $a(CKB)2670000000269424 035 $a(EBL)1047067 035 $a(OCoLC)818866340 035 $a(SSID)ssj0000796080 035 $a(PQKBManifestationID)11425140 035 $a(PQKBTitleCode)TC0000796080 035 $a(PQKBWorkID)10787868 035 $a(PQKB)10577233 035 $a(MiAaPQ)EBC1047067 035 $a(Au-PeEL)EBL1047067 035 $a(CaPaEBR)ebr10617553 035 $a(CaONFJC)MIL402348 035 $a(OCoLC)820819471 035 $a(EXLCZ)992670000000269424 100 $a20180706e20121995 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aLimitations on the business of banking $ean analysis of expanded securities, insurance, and real estate activities /$fR. Daniel Pace 210 1$aAbingdon, Oxon :$cRoutledge,$d2012. 215 $a1 online resource (177 p.) 225 0 $aRoutledge library editions. Banking & finance ;$vv. 25 300 $aFirst published in 1995 by Garland Pub., Inc. 311 $a0-415-75181-0 311 $a0-415-53932-3 320 $aIncludes bibliographical references and index. 327 $aLIMITATIONS 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 327 $aContributionsMore 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 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 327 $aRecent 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 327 $aData 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 327 $aSimultaneous 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 330 $aThis book is a study of how expanded bank powers could affect the banking industry in the US. Using contemporaneous measures, expanded data, a finer classification of industries, risk-reducing behavior, and the legal and regulatory environment this volume provides a more complete picture than earlier studies. 410 0$aRoutledge Library Editions: Banking & Finance 606 $aBanks and banking$xState supervision$zUnited States 606 $aBank holding companies$xDeregulation$zUnited States 606 $aBank management$zUnited States$xComputer simulation 615 0$aBanks and banking$xState supervision 615 0$aBank holding companies$xDeregulation 615 0$aBank management$xComputer simulation. 676 $a332.1 676 $a332.1/0973 676 $a332.10973 700 $aPace$b R. Daniel$f1963-,$01597297 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910813312503321 996 $aLimitations on the business of banking$93919005 997 $aUNINA