Deregulation of Deposit Rate Ceilings in the United States: Prospects and Consequences

Robert A. Taggart and Marcel Maes

Chapter 3 in Competition and Regulation in Financial Markets, 1981, pp 35-54 from Palgrave Macmillan

Abstract: Abstract Interest rates paid by depository financial institutions on demand, savings and time accounts have been limited by law for more than forty years now in the United States. Although these rate ceilings have frequently been attacked by economists on grounds of both equity and efficiency, efforts to dismantle them have so far met with little success. Quite recently, however, prospects for change appear to have brightened. President Carter has urged Congress to do away with all deposit rate ceilings, and administration officials have expressed optimism that this change may be implemented.2

Keywords: Interest Rate; Commercial Bank; Mortgage Market; Treasury Bill; Demand Deposit (search for similar items in EconPapers)
Date: 1981
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05585-2_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349055852

DOI: 10.1007/978-1-349-05585-2_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().