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The Changing Market in Financial Services : Proceedings of the Fifteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis :  Proceedings of the Fifteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis - R. Alton Gilbert

The Changing Market in Financial Services : Proceedings of the Fifteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Proceedings of the Fifteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

By: R. Alton Gilbert (Editor)

Hardcover

Published: December 2009
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The articles and commentaries included in this volume were presented at the Federal Reserve Bank of St. Louis' fifteenth annual economic policy conference. The conference focused on the effects of a variety of recent changes in the market for financial services in the United States. This market has been changing rapidly in recent years: business loans have become more liquid, as the market for loan sales grows. Banks have been permitted to participate in a limited form of interstate banking. Commercial banks have been given permission to offer additional underwriting services. The market for residential mortgage credit has been transformed, through securitization and the declining role of savings and loan associations. Foreign financial firms have taken a rising share of the market financial services. The papers in this volume describe these changes and examine implications for financial institutions and their customers.

Contributing Authors
Preface
The Opening of New Markets for Bank Assetsp. 3
Commentaryp. 35
Interstate Banking, Bank Expansion and Valuationp. 41
Commentaryp. 93
The Market for Home Mortgage Credit: Recent Changes and Future Prospectsp. 99
Commentaryp. 125
Equity Underwriting Riskp. 129
The Competitive Impact of Foreign Commercial Banks in the United Statesp. 161
Commentaryp. 201
The Competitive Impact of Foreign Underwriters in the United Statesp. 211
Commentaryp. 241
Indexp. 247
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792391852
ISBN-10: 0792391853
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 245
Published: December 2009
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 24.13 x 16.51  x 2.54
Weight (kg): 0.57