Reregulated, deregulated and progressive financial systems

Article Abstract:

The monetary policies of Federal Reserve Board Chmn Alan Greenspan are virtually the same as those of former Chmn Paul Volcker. However, the two differ over Greenspan's enthusiasm enthusiasm for further deregulation of the financial system, which Volcker opposes. Volcker believes that the nature of banking and finance requires a higher degree of regulation than do other businesses. From the perspective of equity, neither policy is satisfactory, although Greenspan's deregulation policies are more threatening. The left needs to develop a clear cut policy on banking and finance regulation that takes into consideration the views of Volcker and the re-regulators.

Banking industry, Economic policy, Greenspan, Alan, United States. Federal Reserve Board, Volcker, Paul A.

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Financial institutions after the S & L crisis: a community-based credit union

Article Abstract:

A'new' left solution to the financial crisis brought about by the savings and loan debacle poses a viable alternative to market solutions. Institution changes to the banking industry can promote economic and political democracy. Extant credit unions and mutual savings banks should be converted into community-based institutions operated in the common interests of depositors. Among the properties that should distinguish these proposed institutions are a democratic structure, a nonprofit orientation, and depositor ownership.

Economic aspects, Financial institutions, Credit unions

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Financial market intervention and regulation: policy for the 1990s

Article Abstract:

Reforms to the regulation of the financial markets and monetary policy would make the US economy more equitable. Structural reforms would improve the regulatory techniques and make amendments to monetary policy. The structural reforms would include the creation of a super regulator and of a a public investment bank. Regulatory tools would be geared toward reducing speculation and positioning credit as a means to achieve social ends. Monetary policy reforms would promote price stability and interest rate flexibility.

Financial markets

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