Author: R. Dan BrumbaughPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 248
Book Description
Thrifts Under Siege
Author: R. Dan BrumbaughPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 248
Book Description
High Rollers
Author: Martin LowyPublisher: Bloomsbury Publishing USA
ISBN: 0313368961
Category : Business & Economics
Languages : en
Pages : 336
Book Description
Lowy avoids the easy answers, like blaming it on fraud and greed, and explains how something of this magnitude could occur under the noses of those who should have protected the taxpayer. Paul M. Horvitz, University of Houston Market forces, not scoundrels, destroyed the savings and loan business. So says Martin Lowy in what is truly an inside look at the savings and loan crisis. Drawing upon his experience as a practicing attorney, bank officer, and savings and loan director, Lowy provides an expert account of the problems that have overwhelmed the nation's savings institutions and their government regulators. High Rollers is the first book on the S&L crisis that provides an analytical groundwork for technical and nontechnical readers--so that both can comprehend what happened. Lowy's clear, readable style allows him to quickly describe the origins of the problems in new market forces and new technologies, and how the problems grew out of control as a result of regulatory mistakes and congressional inaction. Even his discussions of real estate lending practices and accounting issues are, in the words of Professor Horvitz, both clear to the novice and instructive to the professional.
The S&L Debacle
Author: Lawrence J. WhitePublisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 310
Book Description
'This is a very insightful book by an author who has that rare blend of analysis that can come only form both an academic and a regulator. Regardless of one's views, this book should be read in order to understand fully the evolving problems in the thrift industry.' -- Henry Kaufman
The Savings and Loan Crisis
Author: United States. Congress. House. Committee on Banking, Finance, and Urban AffairsPublisher:
ISBN:
Category : Bank failures
Languages : en
Pages : 710
Book Description
Savings and Loan Policies in the Late 1970's and 1980's
Author: United States. Congress. House. Committee on Banking, Finance, and Urban AffairsPublisher:
ISBN:
Category : Savings and loan associations
Languages : en
Pages : 376
Book Description
A Taxonomy of Financial Crisis Resolution Mechanisms
Author: Charles W. CalomirisPublisher: World Bank Publications
ISBN:
Category : Finance, Public
Languages : en
Pages : 75
Book Description
"The goals of financial restructuring are to reestablish the creditor-debtor relationships on which the economy depends for an efficient allocation of capital, and to accomplish that objective at minimal cost. Costs include direct costs to taxpayers of financial assistance and the indirect costs to the economy that result from misallocations of capital and incentive problems resulting from the restructuring. Calomiris, Klingebiel, and Laeven review cases in which countries used alternative mechanisms to restructure their financial and corporate sectors. Countries typically apply a combination of tools, including decentralized, market-based mechanisms, and government-managed programs. Market-based strategies seek to strengthen the capital base of financial institutions and borrowers to enable them to renegotiate debt and resume new credit supply. Government-led restructuring strategies often include the establishment of an entity to which nonperforming loans are transferred or the government's sale of financial institutions, sometimes to foreign entrants. Market-based mechanisms can, in principle, resolve coordination problems that countries face in the wake of massive debtor and creditor insolvency, with acceptably low direct and indirect costs, particularly when those mechanisms are effective in achieving the desirable objective of selectivity. However, these mechanisms depend for their success on an efficient judicial system, a credible supervisory framework and authority with sufficient enforcement capacity, and a lack of corruption in implementation. Government-managed programs may not seem to depend as much on efficient legal and supervisory institutions for their success, but in fact these approaches, in particular the transfer of assets to government-owned asset management companies, also depend on effective legal, regulatory, and political institutions for their success. Further, a lack of attention to incentive problems when designing specific rules governing financial assistance can aggravate moral hazard problems, unnecessarily raising the costs of resolution. These results suggest that policymakers in emerging market economies with weak institutions should not expect to achieve the same level of success in financial restructuring as other countries, and that they should design resolution mechanisms accordingly. Despite the theoretical attraction of some complex market-based mechanisms, simpler mechanisms that afford quick resolution of outstanding debts that improve financial system competitiveness, and that offer little discretion to governments, are most effective. This paper--a product of the Financial Sector and Operations Policy Department--is part of a larger effort in the department to study the containment and resolution of financial crises"--World Bank web site.
The Economic Effects of the Savings & Loan Crisis
Author: Publisher:
ISBN:
Category : Bank failures
Languages : en
Pages : 84
Book Description
I. Introduction -- II. So what went wrong in the 1980s? -- III. Analyzing the economic effects of the S&L losses -- IV. Estimating the economic effects of the S&L breakdown -- V. Incorporating deposit insurance in measures of the budget -- Appendix A. McKibbin-Sachs global model -- Appendix B. Estimation of capital losses.
Administrations Plan to Resolve the Savings & Loan Crisis
Author: United States. Congress. House. Committee on Banking, Finance, and Urban AffairsPublisher:
ISBN:
Category : Bank failures
Languages : en
Pages : 128
Book Description
Problems of the Federal Savings and Loan Insurance Corporation, (FSLIC)
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban AffairsPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 602
Book Description
Managing the Crisis
Author: Publisher:
ISBN:
Category : Bank failures
Languages : en
Pages : 248
Book Description
Deals with the result of a study conducted by the FDIC on banking crisis of the 1980s and early 1990s. Examines the evolution of the processes used by FDIC and RTC to resolve banking problems, protect depositors and dispose of the assets of the failed institutions.