American finance for the 21st century
By: Robert E. Litan with Jonathan Rauch.
Contributors: Rauch, Jonathan, 1960-
Publisher: Brookings Institution Press
Published: 1998
Place of publication: Washington, D.C
Language: eng
Number of pages: 211
Subjects: Finance -- United States.; Banks and banking -- United States.; United States -- Economic conditions.
Description: 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.
Notes: Includes bibliographical references (p. 193-201) and index.
Table of contents: title: The financial services industry today; title: Tides of change; title: Energizing competition; title: Containing risk; title: Expanding financial opportunity.