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Author Pace, R. Daniel, 1963-

Title Limitations on the business of banking : an analysis of expanded securities, insurance and real estate activities / R. Daniel Pace
Published Hoboken : Taylor and Francis, 2012
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Description 1 online resource (177 pages)
Series Routledge library editions. Banking and finance ; v. 25
Routledge library editions. Banking and finance ; v. 25
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
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
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
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
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
Notes Print version record
Subject Bank holding companies -- Deregulation -- United States
Bank management -- United States -- Computer simulation
Banks and banking -- State supervision -- United States.
BUSINESS & ECONOMICS -- Banks & Banking.
Bank holding companies -- Deregulation.
Bank management -- Computer simulation.
Banks and banking -- State supervision.
United States.
Form Electronic book
ISBN 1136265341
9781136265341