Financial Deregulation and Monetary Control: Historical Perspective and Impact of the 1980 Act

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Hoover Institution Press, Stanford University, Jan 1, 1982 - Business & Economics - 154 pages
The Depository Institutions Deregulation and Monetary Control Act of 1980 has been the most comprehensive attempt at financial and monetary reform since the 1930s. Based on the authors' experience as visiting scholars in the Division of Banking Research and Economic Policy at the Office of the Comptroller in 1980, this study explores the act's historical antecedents, its purpose, and its potential effects on the financial system and the condut of monetary policy during the 1980s. The authors examine the strengths and weaknesses of this important first step in the series of reforms required to improve monetary control and create a more flexible, efficient, and competitive financial system.

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Contents

Problems with the Structure of the Financial System
11
Impact of the Studies
25
MAIN FEATURES OF THE 1980 ACT
46
Copyright

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About the author (1982)

Both authors have written extensively for economic journals. Thomas F. Cargill recived his Ph.D. in economics at the University of California, Davis, and is now professor of economics at the University of Nevada. He is the author of Money, the Financial System, and Monetary Policy (1979). Gillian G. Garcia was born in England and received much of her education there. A former Hoover Institution national fellow, she is assistant professor in the School of Business Administration at the University of California, Berkeley, and coauthor (with R. J. O'Brien) of Mathematics for Economists and Social Scientists (1970).

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