The Deregulation of the Banking and Securities Industries The Deregulation of the Banking and Securities Industries
By Lawrence G. Goldberg and Lawrence J. White
2003/01 - Beard Books
158798167X - Paperback - Reprint -  364 pp.

These papers encompass a wide variety of views and opinions, underscoring the adage "where you stand depends on where you sit."

Publisher Comments

Category: Banking & Finance

Of Interest:

Market Making and the Changing Structure of the Securities Industry 

On May 18-19, 1978, the Salomon Center for the Study of Financial Institutions, Graduate School of Business, New York University held a conference: "The Deregulation of the Banking and Securities Industries." Representatives from regulated firms and institutions, the government and academia exchanged ideas on emerging trends. This book is a compilation of the papers presented on the three major areas of regulation-price regulation, entry regulation, and safety regulation. While deregulation was in the air, it was far from ubiquitous. These papers present a variety of viewpoints and penetrating analyses of the complexities of regulation and the difficulties of effecting deregulation. 

No book reviews available.

Lawrence G. Goldberg is Professor of Finance at the University of Miami, Previously, he was an economist at the Board of Governor of the Federal Reserve System and an economist at the Board of Governors of the Federal Reserve Systems and an economist at the Federal Trade Commission. He also was in the Finance Department in the Stern Business School at New York University. He has published extensively in academic journals such as the Journal of Finance, the Journal of Financial Economics, the Journal of Money, Credit and Banking, the Journal of Banking and Finances, and the Journal of Health Politics, Policy and Law. His main areas of research are financial institutions, international finance, health economics, and industrial organization. He holds a PhD in Economics from the University of Chicago. Photo from the University of Miami Website.

Lawrence J. White is the Arthur E. Imperatore Professor of Economics at the Stern School of Business, New York University. He has taken leave from NYU to serve in the U.S. Government three times: During 1986-1989 he was a Board Member on the Federal Home Loan Bank Board; during 1982-1983 he was the Chief Economist of the Antitrust Dvision of the U.S. Department of Justice; and in 1978-1979 he was a Senior Staff Economist on the President's Council of Economic Advisers. Among his publications is the S&L Debate: Public Policy Lessons for Bank and Thrift Regulation, and he is the co-editor of The Antitrust Revolution: Economics, Competition and Policy.

Other Beard Books by Lawrence J. White:

Mergers and Acquisitions: Issues from the Mid-Century Merger Wave (with Michael Keenan)

Preface vii
Chapter 1. Introduction  1
Lawrence G. Goldberg and Lawrence J. White
Part I. Overview and Some Issues 7
Chapter 2. An Overview: New Myths and Old Realities 9
Roy A. Schotland
Chapter 3. Regulation in a National Market Environment 31
Simon M. Lorne and Morris Mendelson
Chapter 4. A Need for a Change in Direction in Regulation of the Securities Markets 63
Lee A. Pickard
Chapter 5. Deregulation and the Capital Markets: The Impact of Deposit Rate Ceilings and Restrictions against Variable Rate Mortgages 71
Patric H. Hendershott
Comment 101
Michael A. Redisch
Comment 105
Robert Lindsay
Comment 109
Lawrence J. White
Part II. The Securities Industry 113
Chapter 6. The Scope of Deregulation in the Securities Industry 115
Michael Keenan
Chapter 7. In the Middle of the Regulation-Deregulation Road 133
Edward I. O'Brien
Chapter 8. The Semantics of Securities Industry Regulation 141
Robert C. Hall
Chapter 9. Deregulation of Fixed Commission Rates in the Securities Industry 151
Dan Roberts, Susan M. Phillips, and J. Richard Zecher
Michael Mann
Robert W. Swinarton
Joshua Ronen
Part III. The Banking Industry 199
Chapter 10. The Deregulation of Banking? 201
P. Michael Laub
Chapter 11. Bank Holding Company Acquisitions, Competition, and Public Policy 219
Lawrence G. Goldberg
Chapter 12. Bank Capital: The Regulator Versus the Market 243
Benjamin Wolkowitz
Neal M. Soss
Barbara Goody Katz
A. Gilbert Heebner
Part IV. The Intersection of the Two Industries and Glass-Steagall 271
Chapter 13. Banks and Securities Activities: Legal and Economic Perspectives on the Glass-Steagall Act 273
Franklin R. Edwards
Chapter 14. The Intersection of the Banking and Securities Industries and Future Deregulation 295
James W. Stevens
Chapter 15. The Intersection of the Banking and Securities Industries and Future Deregulation 305
Harvey A. Rowen
Chapter 16. Deregulation of the Intersection of the Banking and Securities Industries  323
David L. Ratner
Comment 335
Robert C. Pozen
Comment 341
Howard H. Newman
Comment 347
Franz P. Opper
Comment 351
Almarin Phillips
List of Conference Participants 355
About the Editors 357

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