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Informationen zum Autor Ranajoy Ray Chaudhuri is Lecturer int the Economics Department at The Ohio State University, USA. Klappentext With almost 6!300 commercial banks! significantly more than in any other country! the world of US banking is unique! fascinating! and always in flux. Two principal pieces of legislation have shaped the banking structure in this country: The McFadden Act of 1927! which prohibited banks from branching into other states! and The Glass-Steagall Act of 1933! which separated commercial and investment banking activities. The repeal of the Glass-Steagall Act in 1999 was one of the main contributing factors behind the global financial crisis of 2008. This measure resulted in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010! which once again prohibited commercial banks from making certain types of speculative investments. The Changing Face of American Banking analyzes the impact of both these acts - as well as that of their subsequent repeal - in depth! examining the real effects of government regulations on the US commercial banking sector. Ray Chaudhuri pinpoints the evolving nature of US commercial banks and banking regulations and explores their impact on the economy. Instead of just focusing on banks and regulations! this work considers the correlations and causality between banking performance and economic growth and productivity. It also brings the banking literature up to date with the 2008-2009 financial crisis and its aftermath! including the passage of the Dodd-Frank Act of 2010 and its effect on American banking. Zusammenfassung With almost 6,300 commercial banks, significantly more than in any other country, the world of US banking is unique, fascinating, and always in flux. Inhaltsverzeichnis Table of Contents 1. A Brief Chronology of U.S. Banking Regulations 1.1. The European Origins of Banking 1.2. The Evolution of the American Banking System: A Timeline 2. The Free Banking Era 2.1. The Origins of Free Banking 2.2. The American Free Banking Experience 2.3. Central Banking Activities in the Free Banking Era 2.4. The End of Free Banking 2.5. The Contemporary International Financial System 3. The Big Markets: New York and California 3.1. The Growth of New York 3.2. The Early Days of Banking in New York 3.3. The California Gold Rush 3.4. The Early Days of Banking in California 4. The Little Markets: The Story of Unit Banks 4.1. The Growth of Unit Banks 4.2. The Effect of the Banking Act of 1935 4.3. The Economics of Unit Banking 4.3.1. Bank Size and Bank Profitability 4.3.2. Bank Size and Bank Cost 4.3.3. The Impact of Bank Size on Other Banking Indicators 5. The Early Days of the Federal Reserve 5.1. The Pioneers: Central Banking in Europe 5.2. Central Banking in the pre-Federal Reserve Era 5.3. The Panic of 1907 and the National Banking Commission 5.4. The Federal Reserve Act and the Federal Reserve System 5.5. Structure of the Federal Reserve System 5.5.1. The Federal Reserve Banks 5.5.2. The Board of Governors 5.5.3. The Federal Open Market Committee 5.6. The Evolution of the Federal Reserve System 5.6.1. The Early Years 5.6.2. The Discovery of Open Market Operations 5.6.3. The Great Depression 5.6.4. The Accord of 1951 5.6.5. Monetary Policy Targets 5.6.6. The Evolution of the Federal Reserve's Macro Models 6. The Great Depression & the Glass-Steagall Act 6.1. The International Economy following the First World War 6.2. The Causes of the Great Depression 6.3. The Response of the Federal Reserve 6.4. The Banking Acts of 1933 and 1935 6.5. Fiscal Policy Measures for ending the Depression 7. The Stable Years 7.1. The International Economy following the Second World War 7.2. Banking Policy during the Period 7.2.1. The 3-6-3 Rule 7.2.2. Bank Holding Company Act of 1956 7.2.3. Other Banking Acts of the Time 7.3. Fiscal Measures during the Period 7.3.1. Fair Deal 7.3.2. The Eisenhower Administration 7.3.3. New F...
