This paper tackles three tasks. It reviews the history of restrictions on interstate banking. It summarizes the provisions of the Interstate Banking and Branching Efficiency Act of 1994, underscoring the opt-in and opt-out lobbying pressure this act assigns to state legislatures. Finally, the paper develops a lobbying-pressure model designed to explain statutory changes in the framework of financial regulation. The model implies that de facto liberalization of a regulatory regime precedes its de jure liberalization. Once adopted, statutory restrictions on banks remain in place until technology and competitive regulatory enforcement have fashioned loopholes wide enough to reverse the statute-sponsoring balance of lobbying pressure. Copyright 1996 by Ohio State University Press.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Other versions of this item:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.) This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.