Background
Benston, George James was born on March 18, 1932 in New York City. Son of William and Rose L. Benston.
(The 1933 passage of the Glass-Steagall Act by Congress ha...)
The 1933 passage of the Glass-Steagall Act by Congress has profoundly effected the way banking has been conducted in the United States. Designed to prevent the kinds of bank failures that resulted from the Crash of 1929 and the Great Depression that followed, the Act made it illegal for commercial banks to engage in investment banking, and for investment banks to engage in commercial banking. This study explores the reasons for the passage of the Act, offers new insights into the forces that shaped the final legislation, and examines the possible consequences of repealing the Act--arguing that repeal will not result in the resumption of the problems that created a need for protective legislation.
http://www.amazon.com/gp/product/0195208307/?tag=2022091-20
(This study explains why financial services have for centu...)
This study explains why financial services have for centuries been regulated to a greater extent than are most products that do not directly affect people's health or safety.
http://www.amazon.com/gp/product/0844741248/?tag=2022091-20
Benston, George James was born on March 18, 1932 in New York City. Son of William and Rose L. Benston.
Bachelor of Arts (Liberal Arts and Accounting), Queens College, New York City, 1952. Master of Business Administration (Accounting and Taxation), New York University, NYC, New York, USA, 1953. Chartered Public Accountant University N. Carolina, 1955.
Doctor of Philosophy University Chicago, 1963.
Instructor, Assistant Professor Accounting, Georgia State College, Atlanta, Georgia, 1956-1958. Assistant Professor Accounting, Graduate School Business, University Chicago, 1962-1966. Visiting Assistant Professor Finance, University California Berkeley, 1963.
Association Professor Accounting and Finance, College Business Administration, University Rochester, 1966-1969. Distinguished Visiting Faculty, American Accounting Association Doctoral Consorti, 1972, 1978. Visiting Professor, London Graduate School Business Studies, London School of Economies and Political Science, London, United Kingdom, 1971, Hebrew University, Jerusalem, 1973, 1979, 1981.
Lector, Law and Conservation Center, Emory University, Atlanta, Georgia, since 1979. Professor Accounting, Economics and Finance, Graduate School Management, University Rochester, Rochester, New York, United States of America, since 1976. Association Editor, Journal of Finance, Journal of Money, Credit and Banking, Journal of Bank Research., Account.
J, Journal of Finance. Research, J. Account. & Public Policy, J. Account, and.
Economics, Account Review, Wall Street Review Books.
(This study explains why financial services have for centu...)
(The 1933 passage of the Glass-Steagall Act by Congress ha...)
Author: Corporate Accounting Disclosure in the United Kingdom and the United States of America, 1976, Contemporary Cost Accounting and Control, 1970, 77, Analysis of Causes of Service Level Agreement Failures, 1985, The Separation of Commercial and Investment Banking: The Glass-Steagall Act Revisited and Reconsidered, 1990, Regulating Financial Markets: A Critique and Some Proposals, 1999. Associate editor, member editorial board Journal Money and Credit Banking, Journal Accounting Public Policy. Others.Contributor articles to professional journals.
Having been a practicing CPA and then a banker before getting a Doctor of Philosophy in economics, I teach and do research in several fields. Banking (or, rather, financial services) is the principal focus of my work. This area provides the researcher with interesting problems in regulation, market structure, production functions, and the effects of changing economic and technological conditions.
Excellent data are available for empirical estimations and tests of hypotheses. In this regard, I have conducted research on economies of scale and operating costs in commercial banks, thrift insititutions, and consumer finance companies. With respect to regulation, I have conducted studies on bank examination and supervision, banking structure, the payments system, mortgage redlining, and deposit insurance.
Accounting is another area in which I have continued to work.
In adition to analyses of costs, I have been concerned with issues of disclosure and the Securities and Exchange Commission. I conducted the first empirical study of the relationship between accounting data and stock prices. I also initiated a study on the effects and effectiveness of SEC accounting disclosure requirements.
Additional work in accounting includes analyses of accounting standards and social responsibility in accounting. Most of this work has relied strongly on economic analysis. Some economic subjects on which I have written include the use of accounting data for antitrust and economic analysis, sex discrimination in employment, and standing to sue in price fixing cases.
Member Shadow Finance Regulation Committee, Finance Economists Roundtable, American Accounting Association, American Finance Association, American Economic Association, Finance Management Association, Phi Beta Kappa, Beta Gamma Sigma.
Married Alice N. Schwartz, July 28, 1951. Children: Kimberly Wayne, Randall Craig.