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Suggests options for reinforcing the regulatory structure with or without further weakening state supervision; US.

THE CRISIS IN THE BANKING AND THRIFT INDUSTRIES IS CATALYZING A SHIFT IN THE TRADITIONAL SYSTEM OF DUAL STATE-FEDERAL BANK REGULATION TOWARD THE FEDERAL GOVERNMENT AND AWAY FROM THE STATES. EROSION IN THIS SYSTEM HAS BEEN EVIDENT FOR THE PAST DECADE DUE TO ACTIONS OF THE CONGRESS, FEDERAL REGULATORS, AND THE JUDICIARY. THE DUAL SYSTEM HAS TWO SETS OF FLAWS. ONE IS REGULATORY COMPETITION THAT ENCOURAGES WEAK MONITORING OF FINANCIAL INSTITUTIONS BY STATES. THE OTHER IS CREATED BY THE "MORAL HAZARD" OF THE CURRENT SYSTEM OF FEDERAL DEPOSIT INSURANCE. THERE ARE TWO PATHS TO REFORM. ONE IS CONTINUED EROSION OF THE POWER OF THE STATES. THE ALTERNATIVE IS TO PROVIDE INCENTIVES THAT REINFORCE THE DUAL SYSTEM OF REGULATION AND DETER THE SOURCES OF "MORAL HAZARD."

Were tight metropolitan labor markets in 1990 associated with narrow spatial income disparities between central cities and their suburbs? In U.S. national policy, it is assumed that maintaining high levels of national economic growth will attract inner-city poverty populations into the world of work, thereby reducing suburban-city income gaps. The authors examine the impact of tight labor markets on these disparities by developing regression models for metropolitan statistical areas. Economic growth, fostering tighter labor markets, is clearly desirable. However, tightening local labor markets actually exacerbates disparities to a point. Past that point disparities begin to decrease, but at a very slow rate.

Cover Page -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- Part I Overview -- 1 Place, Power, and Polarization: Introduction -- 2 The Kerner Commission Twenty Years Later -- Part II Description and Analysis of the Issues -- 3 The Nature and Dimensions of the Underclass -- 4 What Happened to African-American Wages in the 1980s? -- 5 Changing Black Employment Patterns -- 6 The (Un)Housed City: Racial Patterns of Segregation, Housing Quality and Affordability -- 7 Race and Inner-City Education -- 8 The Persistence of Differing Trends in African-American Mortality and Morbidity Rates -- 9 Leadership and Race in the Administrative City: Building and Maintaining Direction for Justice in Complex Urban Networks -- 10 Racial Politics and Black Power in the Cities -- Part III Policy Prescriptions -- 11 A Cumulative Causation Model of the Underclass: Implications for Urban Economic Development Policy -- 12 The Underclass: Causes and Responses -- 13 From Caste to Class to Caste: The Changing Nature of Race Relations in America -- 14 New Directions in Housing Policy for African-Americans -- 15 The Case for Racial Integration -- 16 Obstacles to Housing Integration Program Efforts -- 17 Policy Prescriptions for Inner-City Public Schooling -- 18 Race and the American City: Living the American Dilemma -- 19 Beyond Black and White: Multicultural Understanding and the Sharing of Power -- About the Authors