+612 9045 4394
The Savings and Loan Crisis : Lessons from a Regulatory Failure - James R. Barth

The Savings and Loan Crisis

Lessons from a Regulatory Failure

By: James R. Barth (Editor), Susanne Trimbath (Editor), Glenn Yago (Editor)

Hardcover Published: 20th July 2004
ISBN: 9781402078712
Number Of Pages: 394

Share This Book:


RRP $724.99
or 4 easy payments of $125.44 with Learn more
Ships in 7 to 10 business days

Other Available Editions (Hide)

  • Paperback View Product Published: 27th September 2013
    Ships in 7 to 10 business days

Our nation's financial institutions operated profitably over the decades despite periods of severe turmoil. Between 1980 and early 1995, however, 1,273 savings and loan associations, 1,569 commercial and savings banks and 2,330 credit unions failed in the U.S. The cost of resolving this crisis in the banking sector exceeded USD 190 billion. The Savings And Loan Crisis: Lessons from a Regulatory Failure sets the record straight about what actually happened to our banking institutions in the 1980s. As is documented by the highly respected and diverse group of former regulators, scholars and practitioners contributing to this book, the collapse of this industry was caused by a confluence of adverse economic conditions and misguided regulatory decisions. Poorly designed deposit insurance, faulty supervision, and restrictions on investments prevented savings and loans from adapting to a changing financial marketplace. Unable to use financial innovations, savings and loans could not hedge interest rate and credit risks. These factors blocked portfolio diversification and lay at the root of the crisis. The savings and loan crisis was an accident, but it was an avoidable one. Most of the factors responsible for causing and exacerbating the industry's problems were preventable, as is made clear in this volume. This book also provides an insider's view of the transformation of the financial services industry in the United States since the 1980s: how the managers and owners make decisions about product offerings and investments; how the regulators monitor performance and enforce the rules; and how Congress and the Administration influence and are influenced by the financial services industry. Lastly, it focuses attention on the lessons that should have been learned from this difficult period in the history of U.S. banking, and that should help prevent future banking crises everywhere.

Note from the Series Editors
Foreword by Robert Bartley
About the Authors
What Have We Learned From the Thrift and Banking Crises of the 1980s?
The Savings and Loan Debacle: A Perspecitve From the Early Twenty-First Century
Some Hope For the Future, After a Failed National Policy For Thrifts
Regulatory Regimes and Markets: The Case of Savings and Loans
The Savings and Loan Crisis: Unresolved Policy Issues
Macroeconomic Sources of the U.S. Savings and Loan Crisis
What Lessons Might Crisis Countries in Asia and Latin America Have Learned From the Savings and Loan Mess?
The Lessons of U.S. Savings and Loan Institutions: An International Development Perspective
The Lesson of Lincoln: Regulation as Narrative in the Savings and Loan Crisis
Lincoln Savings: A Coda
The U.S. Savings and Loan Crisis in Hindsight: 20 Years Later
The Savings and Loan Crisis: Five Illustrative Case Studies
Summing Up: Do Savings and Loans Provide a Useful Perspective?
A Roundtable on the Savings and Loan Crisis
Review of the Savings and Loans Literature
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9781402078712
ISBN-10: 1402078714
Series: The Milken Institute Series on Financial Innovation and Economic Growth
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 394
Published: 20th July 2004
Publisher: Springer-Verlag New York Inc.
Country of Publication: US
Dimensions (cm): 23.5 x 15.5  x 2.54
Weight (kg): 1.75