International Competitiveness in Financial Services: A Special Issue of the Journal of Financial Services Research, Vol 4

Front Cover
Marvin H. Kosters, A.H. Meltzer
Springer Science & Business Media, Feb 28, 1991 - Business & Economics - 253 pages
financial markets suggests that factors such as differences in capital requirements, limi tations on size or on the range of financial activities in which firms can engage, govern ment guarantee arrangements for deposits or payments, and reporting or disclosure requirements can have important effects on the efficiency of industrial and commercial firms and thus on the international competitive positions of major sectors of the U.S. economy. Regulatory and tax policies must therefore take into account effects on inter national competitive positions in addition to domestic concerns. The articles in this issue analyze differences in market organization and regulation across countries and examine how efficiency in producing financial services is influenced by these differences. These articles were presented and discussed at a conference sponsored by the Amer ican Enterprise Institute in Washington, D.C., on May 31 and June 1, 1990. This confer ence on International Competitiveness in Financial Services brought to the attention of Washington policy officials these analyses by leading scholars in finance. Publication of these studies and critiques in the Journal of Financial Services Research is intended to stimulate further interest in research on these important issues.
 

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Contents

Introduction
259
The Financial System and Economic Performance
263
The Financial System and Economic Performance
301
The Financial System and Economic Performance
307
US Banking in an Increasingly Integrated and Competitive World Economy
311
US Banking in an Increasingly Integrated and Competitive World Economy
341
US Banking in an Increasingly Integrated and Competitive World Economy
345
Economic Causes and Regulatory Consequences
349
International Competitiveness of US Futures Exchanges
387
International Competitiveness of US Futures Exchanges
409
International Competitiveness of US Futures Exchanges
415
An International Perspective
419
Managing Pension and Retirement Assets An Intemational Perspective
461
Managing Pension and Retirement Assets An International Perspective
465
The Corporate Structure of Financial Conglomerates
471
The Corporate Structure of Financial Conglomerates
499

Intemationalization of the Worlds Securities Markets Economic Causes and Regulatory Consequences
379
Internationalization of the Worlds Securities Markets Economic Causes and Regulatory Consequences
383
The Corporate Structure of Financial Conglomerates
509
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About the author (1991)

Allan Harold Meltzer was born in Boston, Massachusetts on February 6, 1928. He received a bachelor's degree in economics from Duke University in 1948 and master's and doctoral degrees in economics from the University of California, Los Angeles. In 1957, he became an assistant professor at the Carnegie Mellon Graduate School of Industrial Administration, later named the Tepper School of Business. At his death, he held a professorship there in political economy that was named for him. He was a conservative economist who strongly opposed government bailouts. He was a consultant to congressional committees, the Federal Reserve System, the Treasury Department, foreign governments, and central banks. Under President Ronald Reagan, he was an acting member of the President's Council of Economic Advisers. He wrote more than 10 books including A History of the Federal Reserve and Why Capitalism? He received many awards including the Harry Truman Medal for Public Policy and the Truman Medal for Economic Policy. He died on May 8, 2017 at the age of 89.

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