![Media Name: cato-journal-v7n3.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cato-journal/cato-journal-v7n3.jpg?itok=aGWEyhUK) 

# Winter 1988 

Vol. 7 No. 3 

The financial services revolution.

##### Articles 

#### [Editor’s Note ](/cato-journal/winter-1988/editors-note)

By [James A. Dorn](https://www.cato.org/people/james-dorn) 

#### [Bank Runs: Causes, Benefits, and Costs ](/cato-journal/winter-1988/bank-runs-causes-benefits-costs)

By George G. Kaufman 

#### [Comment on Bank Runs: Causes, Benefits, and Costs ](/cato-journal/winter-1988/comment-bank-runs-causes-benefits-costs)

By Anna. J. Schwartz 

#### [A Public Choice Perspective of the Banking Act of 1933 ](/cato-journal/winter-1988/public-choice-perspective-banking-act-1933)

By William F. Shughart II 

#### [Comment on A Public Choice Perspective of the Banking Act of 1933 ](/cato-journal/winter-1988/comment-public-choice-perspective-banking-act-1933)

By [Richard H. Timberlake Jr.](https://www.cato.org/people/richard-timberlake) 

#### [Accommodating Changes in the Relative Demand for Currency: Free Banking vs. Central Banking ](/cato-journal/winter-1988/accommodating-changes-relative-demand-currency-free-banking-vs-central)

By [George Selgin](https://www.cato.org/people/george-selgin) 

#### [Automatic Stabilizing Mechanisms under Free Banking ](/cato-journal/winter-1988/automatic-stabilizing-mechanisms-under-free-banking)

By [Kevin Dowd](https://www.cato.org/people/kevin-dowd) 

#### [Deposit Insurance in Theory and Practice ](/cato-journal/winter-1988/deposit-insurance-theory-practice)

By Gerald P. O’Driscoll Jr. 

#### [Comment on Deposit Insurance in Theory and Practice ](/cato-journal/winter-1988/comment-deposit-insurance-theory-practice)

By William S. Haraf 

#### [A Transaction Cost Analysis of Banking Activity and Deposit Insurance ](/cato-journal/winter-1988/transaction-cost-analysis-banking-activity-deposit-insurance)

By Susan E. Woodward 

#### [The Role of the Federal Reserve in Reserve Requirement Regulation ](/cato-journal/winter-1988/role-federal-reserve-reserve-requirement-regulation)

By Mark Toma 

#### [Comment on The Role of the Federal Reserve in Reserve Requirement Regulation ](/cato-journal/winter-1988/comment-role-federal-reserve-reserve-requirement-regulation)

By Marvin Goodfriend 

#### [The FSLIC Is “Broke” in More Ways than One ](/cato-journal/winter-1988/fslic-broke-more-ways-one)

By Gillian Garcia 

#### [Can Banking and Commerce Mix? ](/cato-journal/winter-1988/can-banking-commerce-mix)

By Thomas F. Huertas 

#### [Comment on Can Banking and Commerce Mix? ](/cato-journal/winter-1988/comment-can-banking-commerce-mix)

By Robert A. Eisenbeis 

#### [Agency Costs and Unregulated Banks: Could Depositors Protect Themselves? ](/cato-journal/winter-1988/agency-costs-unregulated-banks-could-depositors-protect-themselves)

#### [Comment on Agency Costs and Unregulated Banks: Could Depositors Protect Themselves? ](/cato-journal/winter-1988/comment-agency-costs-unregulated-banks-could-depositors-protect-themselves)

By A. James Meigs 

#### [Reuniting Investment and Commcrcial Banking ](/cato-journal/winter-1988/reuniting-investment-commcrcial-banking)

By Robert E. Litan 

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