Limitations on the business of banking : an analysis of expanded securities, insurance, and real estate activities / R. Daniel Pace.

Format:

Book

Author/Creator:

Pace, R. Daniel, 1963- author.

Series:

Routledge Library Editions: Banking & Finance

Routledge library editions. Banking & finance ; v. 25

Language:

English

Subjects (All):

Banks and banking--State supervision--United States.

Banks and banking.

Bank holding companies--Deregulation--United States.

Bank holding companies.

Bank management--United States--Computer simulation.

Bank management.

Physical Description:

1 online resource (177 p.)

Edition:

1st ed.

Place of Publication:

Abingdon, Oxon : Routledge, 2012.

Language Note:

English

Summary:

This book is a study of how expanded bank powers could affect the banking industry in the US. Using contemporaneous measures, expanded data, a finer classification of industries, risk-reducing behavior, and the legal and regulatory environment this volume provides a more complete picture than earlier studies.

Contents:

LIMITATIONS ON THE BUSINESS OF BANKING An Analysis of Expanded Securities, Insurance, and Real Estate Activities; Copyright; LIMITATIONS ON THE BUSINESS OF BANKING AN ANALYSIS OF EXPANDED SECURITIES,INSURANCE, AND REAL ESTATE ACTIVITIES; Copyright; Contents; Chapter I Introduction; Motivation; Interstate Banking; Deregulation of the Savings and Loan Industry; Competition from the Insurance Industry; Competition from the Securities Industry; Securitization; Capital Markets; Globalization; Technology; A Question of Importance; Simulating the Risks and Returns of Expanded Bank Powers

ContributionsMore and New Measures; Expanded Data; Superior Classification of Industries; Risk-reducing Behavior; Legal Environment; Format; Chapter II The Regulatory Boundaries of Bank Activities; The Banking Act of 1933; Section 16; Section 21; Section 20; Section 32; Congressional Rationality and the GSA; The McFadden Act; The Bank Holding Company Acts of 1956 and 1970; The Depository Institutions Deregulation and Monetary Control Act of 1980; The Garn-St. Germain Depository Institutions Act of 1982; Significant Cases Concerning Bank Powers; Current Status of Bank Activity Expansion

Recent State DevelopmentsInsurance; Securities; Real Estate; Concluding Remarks; Chapter III Hypothetical Merger Simulation Using Earnings; Literature Review; The Empirical Studies; Methodolog; Individual Firm Profitability; Individual Firm Risk; The Hypothetically Combined Portfolio; A Brief Digression; The Base Case; The Beneficial Merger Case; The Data; The Results; Concluding Remarks; Chapter IV Evidence Using Cash Flow Variables; Cash Flow Measures; Methodology and Data; Cash Flow Results; Earnings Less Dividends; NearCash; FlowCash; Cash Flow Measurement Remarks; Consensus Rankings

Data CharacteristicsConcluding Remarks; Chapter V Summary; Accomplishments; The Regulatory Boundaries of Bank Activities; Hypothetical Merger Simulation Using Earnings; Evidence Using Cash Flow Variables; Areas Not Addressed by This Study; Economies of Scale and Scope; Social Costs and Benefits; Agency Costs; Merger Premiums; Mutual Organizations; Relative Measures; Only Public Firms; Capital Structure; Related Future Research; Different Measures; Bank versus Bank Holding Company Expansion; Geographical Diversification Through Product Diversification; Comparison to International Banks

Simultaneous DiversificationA Financial Industry Perspective; Appendix A Simulation Run Example; Appendix B A Holding Period Return Extension; Market measure; Methodology; Results; Do Market Returns Change the Results?; References; Index

Notes:

First published in 1995 by Garland Pub., Inc.

Includes bibliographical references and index.

ISBN:

1-136-26533-3

1-283-71098-6

0-203-10826-4

1-136-26534-1

9780203108260

OCLC:

818866340