Reforming Financial Institutions and Markets in the United States: Towards Rebuilding a Safe and More Efficient System
This volume focuses on constructing a safer and more efficient financial system based on the lessons learned from the financial debacles of the 1980s. The first essay discusses the economic and political forces both propelling and opposing widespread banking reform. The next two essays describe the...
Gespeichert in:
| Weitere Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Dordrecht
Springer Netherlands
1994
|
| Ausgabe: | 1st ed. 1994 |
| Schlagworte: | |
| Online-Zugang: | BTU01 URL des Erstveröffentlichers |
| Zusammenfassung: | This volume focuses on constructing a safer and more efficient financial system based on the lessons learned from the financial debacles of the 1980s. The first essay discusses the economic and political forces both propelling and opposing widespread banking reform. The next two essays describe the intellectual history of the deposit insurance reform provisions of FDICIA, arguably the most important banking legislation since the Banking Act of 1933, discuss the weaknesses and strengths of these provisions and make recommendations for improving the effectiveness of the reforms. Theoretical and empirical evidence is then summarized and evaluated with respect to the costs and benefits of regulators granting forbearance to economically insolvent institutions. An analysis is given of the whys and hows of privatizing federal deposit insurance in case the reforms in FDICIA prove ineffective. An examination follows of the causes and consequences of the Bank of Credit and Commerce International (BCCI) debacle of the early 1990s and the implications for the supervision of foreign banks in the United States and elsewhere. Next the broader issue is discussed of whether U.S. financial markets affect the behavior of U.S. corporate managers, particularly whether they encourage managerial myopia. Without concluding whether such myopia exists, policy options are examined that would make financial markets more conducive to longer-term planning, including permitting banks to invest in corporate equity and thus monitor firms as owners as well as creditors |
| Beschreibung: | 1 Online-Ressource (XI, 188 p) |
| ISBN: | 9789401114042 |
| DOI: | 10.1007/978-94-011-1404-2 |
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| 520 | |a This volume focuses on constructing a safer and more efficient financial system based on the lessons learned from the financial debacles of the 1980s. The first essay discusses the economic and political forces both propelling and opposing widespread banking reform. The next two essays describe the intellectual history of the deposit insurance reform provisions of FDICIA, arguably the most important banking legislation since the Banking Act of 1933, discuss the weaknesses and strengths of these provisions and make recommendations for improving the effectiveness of the reforms. Theoretical and empirical evidence is then summarized and evaluated with respect to the costs and benefits of regulators granting forbearance to economically insolvent institutions. An analysis is given of the whys and hows of privatizing federal deposit insurance in case the reforms in FDICIA prove ineffective. An examination follows of the causes and consequences of the Bank of Credit and Commerce International (BCCI) debacle of the early 1990s and the implications for the supervision of foreign banks in the United States and elsewhere. Next the broader issue is discussed of whether U.S. financial markets affect the behavior of U.S. corporate managers, particularly whether they encourage managerial myopia. Without concluding whether such myopia exists, policy options are examined that would make financial markets more conducive to longer-term planning, including permitting banks to invest in corporate equity and thus monitor firms as owners as well as creditors | ||
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| spelling | Reforming Financial Institutions and Markets in the United States Towards Rebuilding a Safe and More Efficient System edited by George G. Kaufman 1st ed. 1994 Dordrecht Springer Netherlands 1994 1 Online-Ressource (XI, 188 p) txt rdacontent c rdamedia cr rdacarrier This volume focuses on constructing a safer and more efficient financial system based on the lessons learned from the financial debacles of the 1980s. The first essay discusses the economic and political forces both propelling and opposing widespread banking reform. The next two essays describe the intellectual history of the deposit insurance reform provisions of FDICIA, arguably the most important banking legislation since the Banking Act of 1933, discuss the weaknesses and strengths of these provisions and make recommendations for improving the effectiveness of the reforms. Theoretical and empirical evidence is then summarized and evaluated with respect to the costs and benefits of regulators granting forbearance to economically insolvent institutions. An analysis is given of the whys and hows of privatizing federal deposit insurance in case the reforms in FDICIA prove ineffective. An examination follows of the causes and consequences of the Bank of Credit and Commerce International (BCCI) debacle of the early 1990s and the implications for the supervision of foreign banks in the United States and elsewhere. Next the broader issue is discussed of whether U.S. financial markets affect the behavior of U.S. corporate managers, particularly whether they encourage managerial myopia. Without concluding whether such myopia exists, policy options are examined that would make financial markets more conducive to longer-term planning, including permitting banks to invest in corporate equity and thus monitor firms as owners as well as creditors Finance, general Macroeconomics/Monetary Economics//Financial Economics Finance Macroeconomics Kreditwesen (DE-588)4032950-1 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf Kreditwesen (DE-588)4032950-1 s USA (DE-588)4078704-7 g DE-604 Kaufman, George G. 1933-2020 (DE-588)130021202 edt Erscheint auch als Druck-Ausgabe 9789401046169 Erscheint auch als Druck-Ausgabe 9780792393832 0-7923-9383-X (DE-604)BV010010610 Erscheint auch als Druck-Ausgabe 9789401114059 https://doi.org/10.1007/978-94-011-1404-2 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Reforming Financial Institutions and Markets in the United States Towards Rebuilding a Safe and More Efficient System Finance, general Macroeconomics/Monetary Economics//Financial Economics Finance Macroeconomics Kreditwesen (DE-588)4032950-1 gnd |
| subject_GND | (DE-588)4032950-1 (DE-588)4078704-7 |
| title | Reforming Financial Institutions and Markets in the United States Towards Rebuilding a Safe and More Efficient System |
| title_auth | Reforming Financial Institutions and Markets in the United States Towards Rebuilding a Safe and More Efficient System |
| title_exact_search | Reforming Financial Institutions and Markets in the United States Towards Rebuilding a Safe and More Efficient System |
| title_exact_search_txtP | Reforming Financial Institutions and Markets in the United States Towards Rebuilding a Safe and More Efficient System |
| title_full | Reforming Financial Institutions and Markets in the United States Towards Rebuilding a Safe and More Efficient System edited by George G. Kaufman |
| title_fullStr | Reforming Financial Institutions and Markets in the United States Towards Rebuilding a Safe and More Efficient System edited by George G. Kaufman |
| title_full_unstemmed | Reforming Financial Institutions and Markets in the United States Towards Rebuilding a Safe and More Efficient System edited by George G. Kaufman |
| title_short | Reforming Financial Institutions and Markets in the United States |
| title_sort | reforming financial institutions and markets in the united states towards rebuilding a safe and more efficient system |
| title_sub | Towards Rebuilding a Safe and More Efficient System |
| topic | Finance, general Macroeconomics/Monetary Economics//Financial Economics Finance Macroeconomics Kreditwesen (DE-588)4032950-1 gnd |
| topic_facet | Finance, general Macroeconomics/Monetary Economics//Financial Economics Finance Macroeconomics Kreditwesen USA |
| url | https://doi.org/10.1007/978-94-011-1404-2 |
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