[Solved] During the debate in 1991 over reform of US banking regulations, the Treasury advocated the removal of barriers between banking and commerce (for
Question: During the debate in 1991 over reform of US banking regulations, the Treasury advocated the removal of barriers between banking and commerce (for example, allowing non-financial firms to own depository institutions), but the Fed opposed such a move. Offer on explanation of the Feds response in terms of:
- the public interest view of Fed motivation
- the principal agent view of Fed motivation.
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Deliverable: Word Document 