Is Government Regulation of Banks Necessary?

Journal of Financial Services Research

Volumn 18, Issue 2-3, 2000, Pages 185-202

  Benston, George J ^a  

^a EMORY UNIVERSITY   (United States)

Author keywords

Bank capital regulation; Bank regulation; Banking markets; Deposit insurance; Financial services regulation; Government regulation of banks

Indexed keywords

EID: 0034559805     PISSN: 09208550     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1026590704616     Document Type: Article

References (26)

1. Benink, Harald A., and George J. Benston. "The Future of Banking Regulation in Developed Countries: Lessons From and For Europe." Goizueta Business School, working paper, 2000.
2. Benston, George J. "Interest Payments on Demand Deposits and Bank Investment Behavior." Journal of Political Economy 72 (October 1964), 431-449.
3. Benston, George J. The Separation of Commercial and Investment Banking: The Glass-Steagall Act Revisted and Reconsidered. London: Macmillan, and New York: Oxford University Press, 1990.
4. Benston, George J. "Safety Nets and Moral Hazard in Banking." In: Kiniho Sawamoto, Zenata Nakajima, and Hiroo Taguchi, eds., Financial Stability in a Changing Environment. New York: St. Martin's Press, 1995, pp. 320-377.
5. Benston, George J. Regulating Financial Markets: A Critique and Some Proposals. Washington, D.C.: American Enterprise Institute, AEI Press, 1999a, and London: The Institute for Economic Affairs, Hobart Paper 135, 1998.
6. Benston, George J. "The Community Reinvestment Act: Looking for Discrimination That Isn't There." Policy Analysis 354 (October 6, 1999b). Washington, D.C.: Cato Institute.
7. Benston, George J. "Consumer Protection as a Justification for Regulating Financial Service Firms and Products." Journal of Financial Services Research 17 (2000), forthcoming.
8. Benston, George J., Robert A. Eisenbeis, Paul M. Horvitz, Edward J. Kane, and George G. Kaufman. Perspectives on Safe and Sound Banking: Past, Present, and Future. Boston: MIT Press, 1986.
9. Benston, George J., and Humphrey. "The Case for Downsizing the Fed." Banking Strategies LXIII (January/ February 1997), 30-37.
10. Benston, George J., and George G. Kaufman. Risk and Solvency Regulation of Depository Institutions: Past Policies and Current Options. Monograph Series in Finance and Economics, Salomon Brothers Center for the Study of Financial Institutions, New York University Graduate School of Business Administration, Monograph 1988-1, 1988. (A shorter version appears as "Regulating Bank Safety and Performance" in William S. Haraf and Rose Marie Kushmeider, eds., Restructuring the Financial System. Washington, DC: AEI Press, 1988.)
11. Benston, George J., and George G. Kaufman. Risk and Solvency Regulation of Depository Institutions: Past Policies and Current Options. Monograph Series in Finance and Economics, Salomon Brothers Center for the Study of Financial Institutions, New York University Graduate School of Business Administration, Monograph 1988-1, 1988. (A shorter version appears as "Regulating Bank Safety and Performance" in William S. Haraf and Rose Marie Kushmeider, eds., Restructuring the Financial System. Washington, DC: AEI Press, 1988.)
12. Benston, George J., and George G. Kaufman. "Is the Banking and Payments System Fragile?" Journal of Financial Services Research 9 (December 1995), 209-240.
13. Calomiris, Charles, and Joseph Mason. "Contagion and Bank Failures during the Great Depression: The June 1932 Chicago Bank Panic." American Economic Review 87 (1997), 863-883.
14. Edwards, Franklin R. The New Finance: Regulation and Financial Stability. Washington, D.C.: American Enterprise Institute, 1996.
15. Evans, Jocelyn D., and George J. Benston. "Do Stockholders of Publicly Traded Corporations Really Shift Risk to Debtholders? Evidence from The Banking Industry" Georgia State University, Goizueta Business School, Emory University working paper, 2000.
16. Friedman, Milton, and Anna Jacobson Schwartz. A Monetary History of the United States, 1867 -1960. National Bureau of Economic Research. Princeton NJ: Princeton University Press, 1963.
17. Green, Edwin. Banking: An Illustrated History. New York: Rizzoli International, 1989.
18. Kaufman, George G. "Bank Contagion: A Review of the Theory and Evidence." Journal of Financial Services Research 8 (April 1994), 123-150.
19. Kaufman, George G. "Helping the Prevent Banking Crises: Taking the 'State' Out of State Banks." Review of Pacific Basin Financial Markets and Policies (March 1999), 83-98.
20. Litan, Robert E. What Should Banks Do? Washington, D.C.: Brookings Institution, 1987.
21. Petri, Tom, and Bert Ely. "Better Banking for America: The 100% Cross-Guarantee Solution." Common Sense (Fall 1995), 96-112.
22. Schwartz, Anna. "Real and Pseudo-financial Crises." In: Forrest Capie and Geoffrey E. Wood, eds., Financial Crises and the World Banking System. London: Macmillan, 1986, pp. 11-31.
23. Shadow Financial Regulatory Committee. "Statement No. 41: An Outline of a Program for Deposit Insurance and Regulatory Reform." February 13, 1989. Journal of Financial Services Research 6 (August 1992, Supplement), 78-82.
24. Shadow Financial Regulatory Committee. "Statement 160: Reforming Bank Capital Regulation." March 2, 2000, American Enterprise Institution, http://www.AEI.org/SFRC.
25. Wallison, Peter J. Back from the Brink: A Practical Plan for Privatizing Deposit Insurance and Strengthening Our Banks and Thrifts. Washington, D.C.: American Enterprise Institute, 1990.
26. White, Lawrence H. Free Banking in Britain: Theory, Experience, and Debate, 1800-1845. Cambridge: Cambridge University Press, 1984