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Banks in Distress : Lessons from the American Experience of the 1980s :  Lessons from the American Experience of the 1980s - G.N. Olsen

Banks in Distress : Lessons from the American Experience of the 1980s

Lessons from the American Experience of the 1980s

Hardcover Published: August 2000
ISBN: 9789041197870
Number Of Pages: 352

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The close of the 20th century saw a remarkably high incidence of bank distress and insolvency. This book seeks to identify the causes of this ongoing financial crisis and to draw lessons For The future, with the aim of assisting developed, transition and emerging economies alike to better cope with future crises. Banks in Distress takes as its focus the major financial system crisis experienced by the US in the 1980s, reviewing the evolution of the US banking system And The legislative, regulatory, and monetary policies of the 1980s which set the stage For The crises that followed. The author argues that the financial difficulties in the US, and to some extent the rest of the world, were largely precipitated and exacerbated by government intervention into the American domestic economy through uncoordinated monetary and fiscal policy, As well as the uncoordinated enactment of regulatory, supervisory and enforcement legislation and policy. The book in particular examines the importance of asset valuation, asset value inflation and deflation, and capital adequacy for banking and financial services organizations, An understanding of which is crucial To The development of a coherent regulatory framework. The author considers what can be learned from the US experience and suggests the need for significant changes in the banking law and policy of most developed and emerging economies, arguing that a stable and workable financial system requires transparent, coordinated and proactive governmental policies in the banking, fiscal, monetary and national economic areas.

Preface
Acknowledgement
Asset Value Inflation and US Government Intervention
Legislative Deregulation and Tax Revision and their Policy and Economic Implicationsp. 11
Cracks in the Banking and Financial Systemp. 37
The Garn-St. Germain Act of 1982: A Final Deregulatory 'Push'p. 51
Asset Value Inflation: Supervisory Deregulation and Regulatory Forbearance - The US Thrift Industry and Banking Experience
US Thrift Industry: FHLBB Deregulationp. 73
Banking Agency Deregulation and Forbearancep. 99
Commercial Real Estate and the Thrift and Banking Crisesp. 121
Asset Value Deflation: Supervisory and Legislative Reregulation
The Immediate Post-Deregulatory Years (with summary observations)p. 143
Supervisory and Legislative Reregulation in the Thrift Industryp. 169
The 1989 FIRREA Legislation: The Culmination of Legislative Reregulation in the 1980sp. 191
Effect of Supervisory and Legislative Reregulation on the Thrift and Banking Industries and Real Estate Lending Marketsp. 219
Further Deregulation: The 1991 FDICIA Legislationp. 241
Concluding Observations
Concluding Observationsp. 261
Selected Bibliographyp. 279
Indexp. 329
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9789041197870
ISBN-10: 9041197877
Series: International Banking, Finance and Economic Law Series Set
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 352
Published: August 2000
Country of Publication: NL
Dimensions (cm): 23.39 x 15.6  x 2.06
Weight (kg): 0.68

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