The Financial Services Revolution : Policy Directions for the Future

1 Introduction The Financial Services Revolution -- I The History Of Banks And Bank Regulation -- 2 The Truth about Bank Runs -- 3 The Big Bust: The 1930-33 Banking Collapse—Its Causes, Its Lessons -- 4 Was the Establishment of a Canadian Central Bank in 1935 Necessary? -- 5 A Public Choice Perspective of the 1933 Banking Act -- New Deal Monetary Legislation for the Welfare of the Government: Comment on Shughart -- 6 The Evolving Role of Regulation in the Savings and Loan Industry -- II A Regulatory System In Need Of Repair -- 7 Deposit Insurance in Theory and Practice -- Toward a Sound Financial System: Comment on O’Driscoll -- 8 Financial Stability and FDIC Insurance -- 9 The Role of the Federal Reserve in Reserve Requirement Regulation -- Federal Reserve Interest Rate Smoothing: Comment on Toma -- 10 The FSLIC Is “Broke” in More Ways than One -- 11 Nonbank Banks Are Not the Problem: Outmoded Regulations Are -- III The Future Of Financial Services -- 12 Reuniting Investment and Commercial Banking -- 13 Can Banking and Commerce Mix? -- Comment on “Can Banking and Commerce Mix?” -- 14 Agency Costs and Unregulated Banks: Could Depositors Protect Themselves? -- Evolution in Banking: Comment on England.