Transforming the U.S. Financial System: An Equitable and Efficient Structure for the 21st Century

This work challenges the conventional understanding of Hong Kong's political culture as one of indifference. It takes a historical look at political participation in the former colony and includes an in-depth analysis of 13 selected cases. List of Tables and Figures, Acknowledgments, Chapter One: Introduction, PART I: MONETARY POLICY AND INTEREST RATES, Chapter Two: The Federal Reserve under Clinton, Chapter Three: Monetary Policy, Financial Structure, and Investment, Chapter Four: Monetary Policy in the 1990s: Overcoming the Barriers to Equity and Growth, PART II: BANKING AND FINANCIAL REGULATION, Chapter Five: How to Rebuild the V.S. Financial Structure: Level the Playing Field and Renew the Social Contract, Chapter Six: The Evolution of the Financial System and the Possibilities for Reform, Chapter Seven: The Parallel Banking System, Chapter Eight: No More Bank Bailouts: A Proposal for Deposit Insurance Reform, Chapter Nine: Banks, Communities, and Public Policy, PART III: FINANCIAL MARKETS AND PRODUCTIVE INVESTMENT, Chapter Ten: Do U.S. Financial Markets Allocate Credit Efficiently? The Case of Corporate Restructuring in the 1980s, Chapter Eleven: Pension Funds, Capital Markets, and the Economic Future, Chapter Twelve: Public Credit A1location through the Federal Reserve: Why It Is Needed; How It Should Be Done, Index, Contributing Authors, About the Economic Policy Institute