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Deregulating Wall Street is the first comprehensive study to examine the separation of American commercial and investment banking. The authors, leading authorities on the subject, call for far-reaching deregulation of corporate finance, allowing increased competition for corporate securities business. In effect, they call for one of the most significant shifts in the country's financial system in the past half century, and point to the global financial services environment, including the thriving Eurobond market, where American banks compete without restriction.
This book is a compilation of articles and summaries which provide histories of financial institutins such as commercial banks, bank holding companies and savings and loan associations. Other areas touched upon are payment system developments. consumer finance and financial innovation.