The Role of the Public Sector in Local Development Finance: Evaluating Alternative Institutional Arrangements

Such recent laws as the Community Reinvestment Act (CRA) and the Home Mortgage Disclosure Act (HMDA) attempted to make private banks consider their responsibility to provide credit in accordance with community needs. However, such an extension of community rights has 2 major limitations: 1. the defi...

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Veröffentlicht in:	Journal of economic issues 1983-03, Vol.17 (1), p.133-153
1. Verfasser:	Fisher, Peter S.
Format:	Artikel
Sprache:	eng
Schlagworte:	19th century American history Bank loans Banking Banking legislation Banking regulation Banks Citizen participation Commercial banks Communities Community Community development Economic development Economic growth Economic theory Equity capital Externality Finance Financial investments Government ownership Local Mortgage loans North Dakota Philosophy Private banks Property rights Public banks Public finance Public interest Public sector Regulation Social responsibility State banks
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