Is banking a declining industry? A historical perspective
Regulation has been widely
blamed for contributing to the
decline of the commercial
banking industry in the United
States. Before one can evaluate
the truth or falsity of this accusation, it is
necessary to determine whether banking is
indeed a declining industry. To answer this
question, we examine a number of different
measures of changes in the size of the banking
industry in the United States during the twentieth
century.
