Policies for a More Competitive Financial System
Conference Series 8
The Federal Reserve Bank of Boston is particularly pleased to publish these proceedings, the eighth in our series of conference volumes. The conference, which was held in June 1972, reviewed The Report of the President's Commission on Financial Structure and Regulation, more commonly known as the Report of the Hunt Commission.
The Hunt Commission Report contains a series of recommendations which would greatly change our financial structure and institutions. Because of the importance of these ideas, a distinguished group of economists, government officials and lawyers was invited to participate in the conference and to analyze the Commission's findings and recommendations.
Entire Proceedings (11.5MB)
Frank E. Morris
Overview of the Commission's Philosophy and Recommendations
Donald P. Jacobs and Almarin Phillips
Chartering, Branching, and the Concentration Problem
Donald I. Baker, with discussions by Ross M. Robertson and Leonard Lapidus
Expanded Powers for Depositary Financial Institutions
Frank Wille, with discussions by Edward S. Herman and George R. Hall
The Bank Holding Company - A Superior Device for Expanding Activities?
Samuel B. Chase, Jr., with discussions by Phillip E. Areeda and Eugene M. Lerner
The Implications of the Proposals of the Hunt Commission for the Mortgage and Housing Markets: An Empirical Study
Ray C. Fair and Dwight M. Jaffee
An Empirical Study of the Hunt Commission Report Proposals for the Mortgage and Housing Markets
Paul S. Anderson and Robert W. Eisenmenger, with a discussion by Henry C. Wallich
Proposals for Rechanneling Funds to Meet Social Priorities
Lester C. Thurow, with discussions by Edward J. Kane and Eli Shapiro.
A Revised Regulatory Framework
Joseph W. Barr, with discussions by William T. Dentzer and George J. Benston
Federal Reserve System "Day-Ahead" Conference on Financial Markets and Institutions
The Implications of High Leverage for Financial Instability Risk, Real Economic Activity, and Appropriate Policy Responses
Revisiting Monetary Policy in a Low Inflation Environment
Recent Developments in Monetary Policy, Fiscal Policy, and Financial System Design