The Sins of Banking Regulation in the USA |
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Authors: | George J Benston |
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Institution: | George Benston is John H. Harland Professor of Finance, Accounting and Economics, Emory University, Atlanta, Georgia. |
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Abstract: | The US banking system has been prone to failure, primarily because it has been mis-regulated. Banks have been restrained from diversifying and from serving their customers effectively by restrictions on branching and on products offered. But competition has been good for bank customers. |
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