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Synopsis
The 1980s were the worst decade for the U.S. financial services industry since the 1930s. Recent bank and thrift failures are a product of both flaws in the way American depository institutions have been regulated and fundamental economic forces that are making it more difficult for the surviving institutions to compete. Robert Litan examines how the financial system and the government's regulatory role are changing and outlines the move away from banks and thrifts to pension funds, finance companies, and mutual funds. He looks at several facets of this revolutionary migration: Why has it occurred? What are its implications for financial markets and the their regulators? And how, if at all, should policymakers respond?
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About the Author
Robert E. Litan is a nonresident senior fellow in the Economic Studies Program at Brookings, where he formerly was Vice President and Director of Economic Studies and also a Senior Fellow.
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Digitally Invisible : How the Internet Is Creating the New Underclass
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The Revolution in U.S. Finance
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The Revolution in U.S. Finance.
Seller: Kloof Booksellers & Scientia Verlag, Amsterdam, Netherlands
Seller rating 4 out of 5 stars
Condition: as new. Washington, DC. : Brookings Institution, 1991. Paperback. 55 pp. The 1980s were the worst decade for the U.S. financial services industry since the 1930s. Recent bank and thrift failures are a product of both flaws in the way American depository institutions have been regulated and fundamental economic forces that are making it more difficult for the surviving institutions to compete. Robert Litan examines how the financial system and the government's regulatory role are changing and outlines the move away from banks and thrifts to pension funds, finance companies, and mutual funds. He looks at several facets of this revolutionary migration: Why has it occurred? What are its implications for financial markets and the their regulators? And how, if at all, should policymakers respond? Condition : as new copy. ISBN 9780815752790. Keywords : Economics, Finance. Seller Inventory # 284124
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