IDEAS home Printed from https://ideas.repec.org/p/imf/imfwpa/2007-195.html
   My bibliography  Save this paper

New Landscape, New Challenges: Structural Change and Regulation in the U.S. Financial Sector

Author

Listed:
  • Mr. Ashok Vir Bhatia

Abstract

Given the rapid evolution of the U.S. financial sector and attendant regulatory challenges, this paper explores ways to fine-tune U.S. oversight arrangements. It surveys the financial landscape, separating a highly regulated, multi-business, and (in terms of relative asset holdings) shrinking “core” from a lightly regulated, more specialized, and rapidly expanding “periphery” explains the U.S. regulatory philosophy and structure, with its focus on core institutions and its jurisdictional complexity; highlights certain new challenges, without presuming to have all the solutions; draws out some broad policy implications, from the “30,000 foot level” and concludes by tabling and discussing one, specific, reform idea.

Suggested Citation

  • Mr. Ashok Vir Bhatia, 2007. "New Landscape, New Challenges: Structural Change and Regulation in the U.S. Financial Sector," IMF Working Papers 2007/195, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2007/195
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=21201
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. John A. Weinberg, 1995. "Cycles in lending standards?," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 1-18.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung (ed.), 2007. "Das Erreichte nicht verspielen. Jahresgutachten 2007/08 [The gains must not be squandered. Annual Report 2007/08]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 200708.
    2. Hsu Sara & Carolina Alba & Simon Melchor, 2016. "China’s structural transformation: reaching potential GDP in the financial services sector," China Finance and Economic Review, De Gruyter, vol. 5(2), pages 37-57, June.
    3. Michal Jurek & Pawel Marszalek, 2014. "Subprime mortgages and the MBSs in generating and transmitting the global financial crisis," Working papers wpaper40, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    4. Mr. Tamim Bayoumi & Mr. Ashok Vir Bhatia, 2012. "Leverage? What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis," IMF Working Papers 2012/162, International Monetary Fund.
    5. Brack, Estelle, 2009. "États-Unis,“soupe primitive” de la crise financière [The United-States : "primitive soup" of the financial turmoil]," MPRA Paper 23480, University Library of Munich, Germany.
    6. Andreas Horsch, 2012. "Managerial Action And Financial Crisis," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 5(1), pages 7-33, June.
    7. repec:dau:papers:123456789/1483 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hyytinen, Ari, 2003. "Information production and lending market competition," Journal of Economics and Business, Elsevier, vol. 55(3), pages 233-253.
    2. Hong, Jengei & Ahn, Seryoong, 2022. "Penalty interest rates, LTV constraints, and screening laxity in mortgage markets," Journal of Banking & Finance, Elsevier, vol. 138(C).
    3. Sherrill Shaffer & Scott Hoover, 2008. "Endogenous screening, credit crunches, and competition in laxity," Review of Financial Economics, John Wiley & Sons, vol. 17(4), pages 296-314, December.
    4. Eleftherios Fotios Aggelopoulos & Vasilios Giannopoulos & Evgenia Mpourou, 2016. "Credit Provision Strategy during Financial Crisis Using Bank Accounting Data," Accounting and Finance Research, Sciedu Press, vol. 5(4), pages 137-137, November.
    5. Hyytinen, Ari, 2001. "Information Production, Banking Competition and the Market Structure of the Banking Industry," Discussion Papers 749, The Research Institute of the Finnish Economy.
    6. Abu Bakr, Norhidayah & Masih, Mansur, 2018. "Are the factors accounting for islamic and conventional bank credit cycles really different ? Malaysian evidence based on two-step GMM approach," MPRA Paper 101110, University Library of Munich, Germany.
    7. Asea, Patrick K. & Blomberg, Brock, 1998. "Lending cycles," Journal of Econometrics, Elsevier, vol. 83(1-2), pages 89-128.
    8. Rajendra N. Paramanik & Avishek Bhandari & Bandi Kamaiah, 2022. "Financial cycle, business cycle, and policy uncertainty in India: An empirical investigation," Bulletin of Economic Research, Wiley Blackwell, vol. 74(3), pages 825-837, July.
    9. Giovanni Dell'Ariccia & Robert Marquez, 2006. "Lending Booms and Lending Standards," Journal of Finance, American Finance Association, vol. 61(5), pages 2511-2546, October.
    10. Alejandro Jara & Carmen Gloria Silva, 2007. "Metodología de la Encuesta sobre Condiciones Generales y Estándares en el Mercado de Crédito Bancario," Economic Statistics Series 57, Central Bank of Chile.
    11. Nan-Kuang Chen & Yu-Hsi Chou & Jyh-Lin Wu, 2013. "Credit Constraint and the Asymmetric Monetary Policy Effect on House Prices," Pacific Economic Review, Wiley Blackwell, vol. 18(4), pages 431-455, October.
    12. William R. Keeton, 1999. "Does faster loan growth lead to higher loan losses?," Economic Review, Federal Reserve Bank of Kansas City, vol. 84(Q II), pages 57-75.
    13. G. B. Gorton & Ping He, 2008. "Bank Credit Cycles," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(4), pages 1181-1214.
    14. Ewa Wróbel, 2019. "How to measure lending policy stance of commercial banks?," NBP Working Papers 317, Narodowy Bank Polski.
    15. Ferreira da Silva, Gisele, 2002. "The impact of financial system development on business cycles volatility: cross-country evidence," Journal of Macroeconomics, Elsevier, vol. 24(2), pages 233-253, June.
    16. Zhang, Zhipeng, 2009. "Who Pulls the Plug? Theory and Evidence on Corporate Bankruptcy Decisions," MPRA Paper 17676, University Library of Munich, Germany, revised 05 Oct 2009.
    17. Rötheli, Tobias F., 2012. "Boundedly rational banks’ contribution to the credit cycle," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 730-737.
    18. Huberto M. Ennis, 2004. "Some recent trends in commercial banking," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 90(Spr), pages 41-61.
    19. Ewa Wróbel, 2022. "What drives bank lending policy? The evidence from bank lending survey for Poland," NBP Working Papers 352, Narodowy Bank Polski.
    20. Pérez Rodríguez, Pablo, 2021. "Accounting and auditing of credit loss estimates: The hard and the soft," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 2(2).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:2007/195. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.