Spring, Frances (contributor) - 2001
ons both for the su pervi s i on and
reg u l a ti on of financial markets and insti tuti ons and
for the Federal Re s erve’s … growth of
capital markets and increased importance of institu-
tional investors in the U.S. financial system,a devel-
opment … banks, the resulting system
may be more stable and robust in times of crisis.
A couple of examples from recent U.S. history …