THE MARKET APPROACH

@article{Kroszner1981THEMA,
  title={THE MARKET APPROACH},
  author={Randall Kroszner},
  journal={The Lancet},
  year={1981},
  volume={318}
}
Weexaminemutual fund banking as an alternative form offinancial intermediation. Individuals would hold checkable deposits at financial intermediaries structured as mutual funds. Although the nominal valueof depositor holdings would not be fixed, risk could be hedged through the choice of portfolios. The regulations embodied in the Glass-Steagall Act, federal deposit insurance, and Federal Reserve operations would not be necessary to provide a sound and efficient banking and financial system… CONTINUE READING

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