Too big to fail : the hazards of bank bailouts /

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In this clearly prophetic book, Gary H. Stern and Ron J. Feldman examine the "too big to fail" doctrine, and show how policymakers made the financial system riskier by implicitly promising to bail out the biggest banking institutions. In the wake of the global financial crisis in which sev...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Stern, Gary H., Feldman, Ron J. (Author)
Other Authors: Volcker, Paul A. (writer of foreword.)
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : Brookings Institution Press, 2004.
Subjects:
Bank failures > United States.
Bank failures > Government policy > United States.
Banks and banking > State supervision.
Intervention (Federal government)
Banques > Faillites > États-Unis.
Banques > Faillites > Politique gouvernementale > États-Unis.
Banques > Contrôle de l'État.
Intervention (Gouvernement fédéral)
BUSINESS & ECONOMICS > Banks & Banking.
POLITICAL SCIENCE > Public Policy > Economic Policy.
Bank failures
Bank failures > Government policy
Banks and banking > State supervision
United States
Online Access:Texto completo
Table of Contents:
  • Foreword by Paul A. Volcker
  • Introduction : our message and methods
  • What is the problem?
  • Why protection is costly
  • How pervasive is TBTF?
  • Why protect TBTF creditors?
  • The growth of TBTF protection
  • Testing our thesis : the cases of not too big to fail
  • Can the problem be addressed?
  • Creating the necessary foundation
  • Reducing policymakers' uncertainty
  • Limiting creditor losses
  • Restricting payment system spillovers
  • Alternatives for managing too big to fail
  • Summary : talking points on too big to fail.

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