Bank Regulation and Monetary Policy
分析1980年和1982年两部美国银行法案如何放松对银行活动和竞争的限制，包括取消利率上限、允许全国性付息交易账户等，对研究金融监管与货币政策关系的学者有参考价值。
THE DEPOSITORY INSTITUTIONS DEREGULATION AND Monetary Control Act (1980) and the Garn-St. Germain Depository Institutions Act (1982) are the two most significant pieces of bank legislation since the 193Os. Their significance stems from the fact that they have sought to roll back a number of the regulations and restrictions imposed on bank activity and competition in the 1933-80 period. Among the important provisions of these acts are a gradual elimination of Regulation Q ceilings on time and savings deposits (by March 1986), the amelioration of state-imposed usury ceilings on loans, the nationwide provision of interest-bearing transaction-type accounts (negotiable order of withdrawal [NOW] and Super NOW accounts), permission for thritts to expand into bank-like products such as commercial and industrial loans, consumer loans and credit cards, and the development of new types of savings accounts such as MMDAs.l In addition to legislative deregulation, we have also witnessed homemade deregulation as banks have sought to exploit, often with great success, loopholes in the Bank Holding