Books by Bernard Shull

This work evaluates existing bank merger policy and offers workable proposals for new legislative actions that would enhance the benefits of bank mergers without exacerbating the weaknesses. The authors review the historical role of governments in protecting banks from competition.

Focusing on three periods of economic stress, this book argues that despite convincing evidence that the Fed contributed to these crises, it has consistently emerged more powerful and influential. It tells the story of the Fed as a classic American epic: turning adversity into opportunity, responding to threat by innovating and adapting.