American Finance for the 21st Century [Hardcover]

Robert E. Litan (Author), Jonathan Rauch (Author)

Book Description

Publication Date: February 1998

This book, originally prepared as a report to Congress by the Treasury Department, presents a framework for setting policy toward the financial services industry in the coming decades. The authors, who worked closely with senior Treasury officials in developing their recommendations, identify three core principles: an enhanced role for competition, a shift in emphasis from preventing failures of financial institutions at all cost toward containing the damage of the failures that inevitably occur in a competitive market, and a greater reliance on more targeted interventions to achieve policy goals rather than broad measures such as flat prohibitions on certain activities.

Editorial Reviews

From the Publisher

Robert E. Litan is director of the Economic Studies program at the Brookings Institution and the author of numerous Brookings books, including What Should Banks Do? (1987) and Financial Regulation in the Global Economy (with Richard Herring, 1995). Jonathan Rauch is a contributing editor of the National Journal and a guest scholar at the Brookings Institution who has written widely on a variety of public policy issues. His books include Demosclerosis: The Silent Killer of American Government (Times Books, 1994) and Kindly Inquisitors: The New Attacks on Free Thought (Chicago, 1995).

Product Details

• Hardcover: 211 pages
• Publisher: Brookings Inst Pr (February 1998)
• Language: English
• ISBN-10: 0815752881
• ISBN-13: 978-0815752882
• Product Dimensions: 9.2 x 6.2 x 0.8 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #1,049,217 in Books (See Top 100 in Books)

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