Requiem for Regulation Q : What It Did and Why It Passed Away
نویسنده
چکیده
The purpose of this article is to review léderal policy on deposit interest rate ceilings over the 53 year’s since they first were imposed. The article describes the objectives of Congress in establishing ceiling rates on deposits, examines their effects on the I’mnancial system and economic activity, and, finally, assesses the effect that phasing them out has had ~n tile coniposition of deposit liabilities.
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