Professor of finance, School of Business Administration, University of Michigan.
PORTFOLIO REGULATIONS OF SELECTED FINANCIAL INTERMEDIARIES: SOME PROPOSALS FOR CHANGE*
Article first published online: 30 APR 2012
1962 The American Finance Association
The Journal of Finance
Volume 17, Issue 2, pages 302–310, May 1962
How to Cite
Gies, T. G. (1962), PORTFOLIO REGULATIONS OF SELECTED FINANCIAL INTERMEDIARIES: SOME PROPOSALS FOR CHANGE. The Journal of Finance, 17: 302–310. doi: 10.1111/j.1540-6261.1962.tb04282.x
This paper is based on a study conducted by the author, together with Professor Thomas Mayer, of the University of California, and Professor E. C. Ettin, of Duke University, under sponsorship of the Commission on Money and Credit (Gies, Mayer, and Ettin, Portfolio Regulations and Policies of Financial Institutions). That study presents a detailed review of the nature and development of private financial intermediaries in the United States, portfolio regulations and policies governing intermediaries, and the impact of regulations and operating conventions on credit allocation. The discussion below will not restate the empirical and historical findings of that study but will be limited to normative considerations with regard to financial regulation and suggested modifications.
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012