This study of bank behaviour and banking regulation, first published in 1993, continues to provide through its close analysis valuable insights into the issues of modern banking. The effects of regulatory restriction and liberalisation are examined in detail, and California’s banking history, while a fascinating topic in its own right, offers several messages for policy makers today.
1. Introduction 2. Regulation and Banking Development in California, 1853-1909 3. Banking and the Development of California’s Economy, 1860-1910 4. A Model of the Banking Firm 5. Individual Bank Behavior in California, 1878-1908 6. Entry Into Local Banking Markets in California, 1884-1908 7. California Banking and the Evolution of a National Capital Market