And fourth, the new CRA rule should align evaluations and data collection to bank size and type. One of the strengths of the banking sector is its diversity of institutions, so a modern CRA must accommodate banks of different sizes and business models and ensure that smaller banks do not have the same requirements as large banks with much greater capacity.
An elegant and insightful synthesis of these two theories, the classical and the Keynesian, was developed by Patinkin in Money, Interest and Prices.