The Impact of the 1980 Depository Institutions Deregulation and Monetary Control Act on Market Value and Risk: Evidence from the Capital Markets
利用资本市场数据，研究1980年存款机构放松管制与货币控制法案对银行业内不同类别公司相对竞争地位的影响，发现美联储成员银行受益，而非成员银行和储蓄贷款机构受损。
The Depository Institutions Deregulation and Monetary Control Act of 1980 brought about major changes in the banking industry. This study employs capital market data to examine the Act's impact on the relative competitive positions of distinct classes of firms within the industry. The evidence supports the hypothesis that Federal Reserve System banks profited from the regulatory change at the expense of nonmember banks and savings and loans. Copyright 1988 by Ohio State University Press.