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This paper examines the effects of the bank merger deregulation passed by U.S. Congress in 1994 on the board … states for 3 years, I found that banks in states with intrastate branching deregulation had a lower proportion of outside … board directors (OBDs) and banks in states with interstate banking and the bank holding company deregulation had a higher …
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The debate over the political power of business has witnessed a revival after the global financial crisis of 2007-2009. We begin by arguing that business political fragmentation or unity has important consequences for policy outcomes. The structure of the U.S. government is conducive to...
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Given the fragmented structure of the U.S. government, business is able to capitalize on its structural power only when it is united. This paper illustrates this dynamic through an analysis of the processes leading to the enactment of the Financial Modernization Act (FMA) of 1999, which repealed...
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Despite the various reforms of prudential banking regulation from 1989 to 2002, and the substantial addition of new prudential regulations during that period, there were three key policy errors, all of which had been at the core of the banking disasters of the 1980s, which returned with a...
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biased to favor deregulation.Two examples of deregulatory agency action are explored in detail. The implementation of the …
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