The Causes and Costs of Depository Institution Failures
General Material Designation
[Book]
First Statement of Responsibility
edited by Allin F. Cottrell, Michael S. Lawlor, John H. Wood.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
Dordrecht
Name of Publisher, Distributor, etc.
Springer Netherlands
Date of Publication, Distribution, etc.
1995
SERIES
Series Title
Innovations in Financial Markets and Institutions, 9
CONTENTS NOTE
Text of Note
Contributing Authors. 1. Introduction; A.F. Cottrell, et al. 2. S&L Closures and Survivors: Are There Systematic Differences in Behavior? J.R. Barth, et al. 3. Deregulation Gone Awry: Moral Hazard in the Savings and Loan Industry; R.A. Cole, et al. 4. Underlying Determinants of Closed-Bank Resolution Costs; W.P. Osterberg, J.B. Thomson. 5. Federal Reserve Lending to Banks that Failed: Implications for the Bank Insurance Fund; R.A. Gilbert. 6. The Savings and Loan Debacle: Moral Hazard or Market Disaster? G.A. Lilly. 7. What Are the Connections Between Deposit Insurance and Bank Failures? A.F. Cottrell, et al. 8. Bank Failures as Poisson Variates: A Reappraisal; N. Davutyan. 9. A Triggering Mechanism of Economywide Bank Runs; Sangkyun Park. 10. Herd Behavior or Animal Spirits: A Possible Explanation of Credit Crunches and Bubbles; T.S. Mondschean, R.A. Pecchenino. Index.
SUMMARY OR ABSTRACT
Text of Note
One of the major financial market events of the 1980s was the precipitous rise of depository institution failures including banks, savings and loan associations, and credit unions. Not since the 1930s has there been a similar period of turmoil in these industries. The events of the 1980s have inspired a renewed interest in the causes and cost of financial institution failure and several questions that had seldom been asked in the post-World War II economics literature have resurfaced Why do financial institutions fail? What are the costs of their failure? How do they differ from other firms and industries? What are the implications for financial market regulation? The Causes and Costs of Depository Institution Failures critically surveys and extends previous analyses of these questions. Audience: Scholars and researchers in the areas of money and banking, financial institutions, and financial markets, as well as regulators and policymakers.
TOPICAL NAME USED AS SUBJECT
Economics.
Macroeconomics.
LIBRARY OF CONGRESS CLASSIFICATION
Class number
HG2151
Book number
.
E358
1995
PERSONAL NAME - PRIMARY RESPONSIBILITY
edited by Allin F. Cottrell, Michael S. Lawlor, John H. Wood.