Deregulation and Change in the 1980s

Charles R. Geisst

Chapter 7 in A Guide to Financial Institutions, 1993, pp 127-147 from Palgrave Macmillan

Abstract: Abstract The 1980s was the most tumultuous decade for financial institutions since the Depression years. Many institutions which for years had been restrained by regulations found themselves free of their shackles, on the one hand, while being restrained by different sorts of shackles, on the other. While the structure of many traditional financial institutions remained relatively stable, their functions changed substantially. As has been seen in the previous chapters, commercial banks encroached upon the domains of building associations and some building associations returned the compliment. Investment banks leaned increasingly toward merchant banking functions while commercial banks enviously eyed security market activities as natural extensions of their own activities. New American federal agencies were created along traditional lines and pension funds and insurance companies began to stray farther afield in search of high returns and new customers.

Keywords: Interest Rate; Financial Institution; Mutual Fund; Commercial Bank; Deposit Insurance (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37907-7_8

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DOI: 10.1057/9780230379077_8

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