The evolution of the bank regulatory structure : a reappraisal
重新评估了美国银行监管结构演变的两大主流理论，提出政府增加财政收入的需求是推动监管制度变革的关键因素，并追溯了从殖民时期到1930年代的历史证据。
In his article, The Evolution of the Bank Regulatory Structure: A Reappraisal, F. Ward McCarthy Jr. argues that neither of these competing theories provides a sufficient explanation for the major developments in the bank regulatory framework of the United States. He proposes that the structure of bank regulation has been dictated in part by the desire of governments to enhance their abilities to generate revenue. McCarthy traces the history of government intervention in the banking industry from the colonial period through the 1930s and demonstrates that concern about public finance has been a crucial factor behind every important change in the institutional structure of bank regulation.