... (June): 401-19. Dothan, U., and Williams, J. 1980. Banks, bankruptcy and public regulation. Journal of Banking and Finance 4 (March): 65-87. Fama, E. F. 1980. Banking in the theory of finance. ... control. American Economic Review 53 (May): 383-400. Banking Theory, Deposit Insurance, and Bank Regulation Author(s): Douglas W. Diamond and Philip H. DybvigSource: The Journal of Business, ... Insurance, and Bank Regulation* I. Introduction The last several years have seen extensive change in the U.S. banking industry. ' In the 1950s and 1960s the banking industry...