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Review of "U.S. Bank Deregulation in Historical Perspective"
By George J. Benston
Introduction
This is a very interesting and useful collection of previously published articles written or coauthored by one of the most productive, careful, and insightful economic historians now active. The topics he deals with in these essays include the stability of the banking system, deposit insurance, universal banking, and the competitiveness of investment banking. Because the articles appeared previously as chapters of books, they might not be readily available to interested readers, which makes this volume all the more welcome.
Calomiris provides an introductory essay that attempts to knit together the following chapters. The essay, itself, is well worth reading. However, because he did not attempt to rewrite the chapters so that they would, indeed, be integrated, the parts do not sum to a whole.
Full Text (PDF, 3 pages, 55 KB)