IDEAS home Printed from https://ideas.repec.org/a/bla/coecpo/v25y2007i3p325-340.html
   My bibliography  Save this article

Restructuring U.S. Federal Financial Regulation

Author

Listed:
  • ROSE M. KUSHMEIDER

Abstract

Despite changes over the past 70 yr, the U.S. federal financial regulatory system remains rooted in the reforms of the 1930s. The institutions governed by this system have, nevertheless, continued to evolve. Today, regulation of large, multiproduct, internationally active financial organizations poses challenges for a system designed largely to regulate smaller, distinct, locally based organizations. Reform of the regulatory system, however, is not an easy task—complex issues regarding deposit insurance, the role of the central bank, and the dual banking system must be addressed. In the absence of a crisis, however, regulatory restructuring will not likely generate much political interest. (JEL G28)

Suggested Citation

  • Rose M. Kushmeider, 2007. "Restructuring U.S. Federal Financial Regulation," Contemporary Economic Policy, Western Economic Association International, vol. 25(3), pages 325-340, July.
    • Handle: RePEc:bla:coecpo:v:25:y:2007:i:3:p:325-340
    DOI: 10.1111/j.1465-7287.2007.00050.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1465-7287.2007.00050.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1465-7287.2007.00050.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kenneth Spong, 2000. "Banking regulation : its purposes, implementation, and effects," Monograph, Federal Reserve Bank of Kansas City, number 2000bria, March.
    2. Larry Wall & Robert Eisenbeis, 1999. "Financial Regulatory Structure and the Resolution of Conflicting Goals," Journal of Financial Services Research, Springer;Western Finance Association, vol. 16(2), pages 223-245, December.
    3. Ron J. Feldman & Jangryoul Kim & Preston J. Miller & Jason Schmidt, 2002. "Are banking supervisory data useful for macroeconomic forecasts?," Banking and Policy Studies 1-02, Federal Reserve Bank of Minneapolis.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Claeys, Sophie, 2005. "Optimal regulatory design for the Central Bank of Russia," BOFIT Discussion Papers 7/2005, Bank of Finland, Institute for Economies in Transition.
    2. Robert A. Eisenbeis, 2009. "Multinational Banking and Regulatory Challenges: Lessons from the US Experience with AIG," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 7(02), pages 13-18, July.
    3. Retselisitsoe I. Thamae & Nicholas M. Odhiambo, 2022. "The impact of bank regulation on bank lending: a review of international literature," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(4), pages 405-418, December.
    4. Abdelaati Daouia & Léopold Simar & Paul W. Wilson, 2017. "Measuring firm performance using nonparametric quantile-type distances," Econometric Reviews, Taylor & Francis Journals, vol. 36(1-3), pages 156-181, March.
    5. Hubert P. Janicki & Edward Simpson Prescott, 2006. "Changes in the size distribution of U.S. banks: 1960-2005," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 92(Fall), pages 291-316.
    6. William L. Weber & Michael Devaney, 1999. "Bank Efficiency, Risk‐Based Capital, and Real Estate Exposure: The Credit Crunch Revisited," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 27(1), pages 1-25, March.
    7. anonymous, 2007. "Nonbanks and risk in retail payments," Payments System Research Working Paper PSR WP 07-02, Federal Reserve Bank of Kansas City.
    8. Clements Adeyinka Akinsoyinu, 2015. "The Impact of Capital Regulation on Bank Capital and Risk Decision. Evidence for European Global Systemically Important Banks," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(3), pages 167-177, July.
    9. Kane, Edward J., 2000. "Capital movements, banking insolvency, and silent runs in the Asian financial crisis," Pacific-Basin Finance Journal, Elsevier, vol. 8(2), pages 153-175, May.
    10. Lucia Quaglia, 2014. "The European Union, the USA and International Standard Setting by Regulatory Fora in Finance," New Political Economy, Taylor & Francis Journals, vol. 19(3), pages 427-444, May.
    11. Stiroh, Kevin J., 2000. "How did bank holding companies prosper in the 1990s?," Journal of Banking & Finance, Elsevier, vol. 24(11), pages 1703-1745, November.
    12. D'Ann M. Petersen & Keith R. Phillips & Mine K. Yücel, 1994. "The Texas construction sector: the tail that wagged the dog," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q II, pages 23-33.
    13. Craig P. Aubuchon & David C. Wheelock, 2010. "The geographic distribution and characteristics of U.S. bank failures, 2007-2010: do bank failures still reflect local economic conditions?," Review, Federal Reserve Bank of St. Louis, vol. 92(Sep), pages 395-415.
    14. John R. Walter, 2003. "Banking and commerce : tear down this wall?," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 89(Spr), pages 7-31.
    15. Joseph G. Haubrich & James B. Thomson, 1994. "Loan sales: Pacific Rim trade in nontradable assets," Working Papers (Old Series) 9414, Federal Reserve Bank of Cleveland.
    16. Utrero-Gonzalez, Natalia, 2007. "Banking regulation, institutional framework and capital structure: International evidence from industry data," The Quarterly Review of Economics and Finance, Elsevier, vol. 47(4), pages 481-506, September.
    17. Gillian G. H. Garcia, 2009. "Sovereignty Versus Soundness: Cross‐Border/Interstate Banking In The European Union And In The United States: Similarities, Differences And Policy Issues," Contemporary Economic Policy, Western Economic Association International, vol. 27(1), pages 109-129, January.
    18. Donald P. Morgan & Kevin J. Stiroh, 1999. "Bond market discipline of banks: is the market tough enough?," Staff Reports 95, Federal Reserve Bank of New York.
    19. Ronnie J. Phillips, 1997. "Rethinking Bank Examinations: A Minsky Approach," Journal of Economic Issues, Taylor & Francis Journals, vol. 31(2), pages 509-516, June.
    20. Shaffer, Sherrill, 2004. "Patterns of competition in banking," Journal of Economics and Business, Elsevier, vol. 56(4), pages 287-313.

    More about this item

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:coecpo:v:25:y:2007:i:3:p:325-340. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/weaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.