American finance for the 21st century /
Litan, Robert E., 1950-
American finance for the 21st century / Robert E. Litan with Jonathan Rauch. - Washington, D.C. : Brookings Institution Press, c1998. - viii, 211 pages : illustrations ; 24 cm.
Includes bibliographical references (p. 193-201) and index.
The financial services industry today -- Tides of change -- Energizing competition -- Containing risk -- Expanding financial opportunity.
This book, originally prepared as a report to Congress by the Treasury Department, presents a framework for setting policy toward the financial services industry in the coming decades. The authors, who worked closely with senior Treasury officials in developing their recommendations, identify three core principles: an enhanced role for competition, a shift in emphasis from preventing failures of financial institutions at all cost toward containing the damage of the failures that inevitably occur in a competitive market, and a greater reliance on more targeted interventions to achieve policy goals rather than broad measures such as flat prohibitions on certain activities
0815752881 (alk. paper) 9780815752882 (alk. paper)
98008988
Finance--United States.
Banks and banking--United States.
Finanzas--Estados Unidos
Bancos --Estados Unidos
United States--Economic conditions.
Estados Unidos--Condiciones económicas
HG 181 / L775a 1998
332/.0973
American finance for the 21st century / Robert E. Litan with Jonathan Rauch. - Washington, D.C. : Brookings Institution Press, c1998. - viii, 211 pages : illustrations ; 24 cm.
Includes bibliographical references (p. 193-201) and index.
The financial services industry today -- Tides of change -- Energizing competition -- Containing risk -- Expanding financial opportunity.
This book, originally prepared as a report to Congress by the Treasury Department, presents a framework for setting policy toward the financial services industry in the coming decades. The authors, who worked closely with senior Treasury officials in developing their recommendations, identify three core principles: an enhanced role for competition, a shift in emphasis from preventing failures of financial institutions at all cost toward containing the damage of the failures that inevitably occur in a competitive market, and a greater reliance on more targeted interventions to achieve policy goals rather than broad measures such as flat prohibitions on certain activities
0815752881 (alk. paper) 9780815752882 (alk. paper)
98008988
Finance--United States.
Banks and banking--United States.
Finanzas--Estados Unidos
Bancos --Estados Unidos
United States--Economic conditions.
Estados Unidos--Condiciones económicas
HG 181 / L775a 1998
332/.0973