De Jure Interstate Banking: Why Only Now?
Edward Kane ()
Journal of Money, Credit and Banking, 1996, vol. 28, issue 2, pages 141-61
This paper tackles three tasks. It reviews the history of restrictions on interstate banking. It summarizes the provisions of the Interstate Banking and Branching Efficiency Act of 1994, underscoring the opt-in and opt-out lobbying pressure this act assigns to state legislatures. Finally, the paper develops a lobbying-pressure model designed to explain statutory changes in the framework of financial regulation. The model implies that de facto liberalization of a regulatory regime precedes its de jure liberalization. Once adopted, statutory restrictions on banks remain in place until technology and competitive regulatory enforcement have fashioned loopholes wide enough to reverse the statute-sponsoring balance of lobbying pressure. Copyright 1996 by Ohio State University Press.
References: Add references at CitEc
Citations View citations in EconPapers (68) Track citations by RSS feed
Downloads: (external link)
http://links.jstor.org/sici?sici=0022-2879%2819960 ... 0.CO%3B2-M&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:mcb:jmoncb:v:28:y:1996:i:2:p:141-61
Access Statistics for this article
Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West
More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Series data maintained by Wiley-Blackwell Digital Licensing ().