Dimensions: 0.25'' x 8.25'' x 5.25'' 117 pages AEI Press  (Washington) Publication Date: January 1998 Paperback ISBN: 0844771198 Price: $ 9.95 Add to Cart   Examination Copies

This book discusses banking, insurance, and securities regulation, as well as issues in consumer finance and electronic commerce.

In a new era of deregulation, the U.S. banking system is undergoing dramatic consolidation. The authors use detailed case studies to determine the motivation for bank mergers, to assess the advertised gains in efficiency and services, and to resolve inconsistencies between econometric studies and comparisions of performance in different U.S. states and in different countries. As merger activity intensifies, the volume explains both the acceleration of merger activity and the rationales for recent megamergers. The authors also explore the link between consolidation and global competitiveness and dissect client-based universal banking.

Charles W. Calomiris is the Arthur F. Burns Scholar in Economics at AEI and the Paul M. Montrone Professor of Finance and Economics at Columbia University. Jason Karceski is an assistant professor of finance at the University of Florida.