Abstract
The Depository Institutions Deregulation and Monetary Control Act of 1980 brought about major changes in the banking industry. This study employs capital market data to examine the Act's impact on the relative competitive positions of distinct classes of firms within the industry. The evidence supports the hypothesis that Federal Reserve System banks profited from the regulatory change at the expense of nonmember banks and savings and loans. Copyright 1988 by Ohio State University Press.
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