Changing Market in Financial Services : Proceedings of the Fifteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis
Economic Policy Conference of the Federal Reserve Bank of St. Louis 19; Gilbert, R. Alton (EDT); Federal Reserve Bank of St. Louis (COR)
Language: English
Published by Springer, 1992
- Hardcover
- New
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- Title
- Changing Market in Financial Services : Proceedings of the Fifteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis
- Author
- Economic Policy Conference of the Federal Reserve Bank of St. Louis 19; Gilbert, R. Alton (EDT); Federal Reserve Bank of St. Louis (COR)
- Publisher
- Springer
- Publication year
- 1992
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0792391853
- ISBN 13
- 9780792391852
The conference focused on the effects of a variety of recent changes in the market for financial services in the United States. This market has been changing rapidly in recent years: business loans have become more liquid, as the market for loan sales grows. Banks have been permitted to participate in a limited form of interstate banking. Commercial banks have been given permission to offer additional underwriting services. The market for residential mortgage credit has been transformed, through securitization and the declining role of savings and loan associations. Foreign financial firms have taken a rising share of the market financial services.
The papers in this volume describe these changes and examine implications for financial institutions and their customers.
"Synopsis" may belong to another edition of this title.
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