| 来源类型 | Book
|
| 规范类型 | 其他
|
| The Great Savings and Loan Debacle |
| James R. Barth
|
| 发表日期 | 1991
|
| 出版者 | AEI Press
|
| 出版年 | 1991
|
| 语种 | 英语
|
| 摘要 | Read the full PDF.
Buy the book.
During the 1980s, 525 insolvent savings and loans (S&Ls) were liquidated or sold at an enormous cost. Resolving the remaining troubled S&Ls could cost American taxpayers hundreds of billions. What went wrong with the industry? Are fraud and deregulation solely responsible for this financial disaster?
In this volume the author argues that federal deposit insurance itself is largely to blame: by permitting institutions to operate with inadequate capital, the system subsidizes weak institutions while increasing the risk to taxpayers. In addition, regulation and supervision prevent S&Ls from adapting to changing market forces.
Congress, the administration, and the regulatory agencies, the author says, have created a flawed deposit insurance system and a rigid, outdated supervisory and regulatory structure. He recommends a thorough reexamination and restructuring that would protect both depositors and taxpayers and would allow the industry to respond to changes in the marketplace.
James R. Barth, the former chief economist of the Federal Home Loan Bank Board and the Office of Thrift Supervision, September 1987 to November 1989, is the Lowder Eminent Scholar in Finance at Auburn University. |
| 主题 | Economics
|
| 标签 | AEI Archive
; AEI Press
; deregulation
; Fiscal policy
; Fraud
; Regulation
|
| URL | https://www.aei.org/research-products/book/the-great-savings-and-loan-debacle/
|
| 来源智库 | American Enterprise Institute (United States)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/208158
|
推荐引用方式
GB/T 7714 |
James R. Barth. The Great Savings and Loan Debacle. 1991.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
