Building an incentive-compatible safety net

Journal of Banking and Finance

Volumn 23, Issue 10, 1999, Pages 1499-1519

  Calomiris, Charles W ^a,b  

^a Och Spine at New York Presbyterian Hospitals   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

Author keywords

Bank regulation; Capital standards; Deposit insurance; G21; G28; O16; Safety net

Indexed keywords

EID: 0001594696     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0378-4266(99)00028-X     Document Type: Article

References (34)

1. Baer, H.L., 1990. Foreign competition in US banking markets, Economic Perspectives, Federal Reserve Bank of Chicago, May/June, 22-29.
2. Baer, H.L., Klingebiel, D., 1995. Systemic risk when depositors bear losses, Research in Financial Services 7.
3. Barth, J.R., Bartholomew, P.F., 1992. The Thrift Industry Crisis: Revealed Weaknesses in the Federal Deposit Insurance System. In: The Reform of Federal Deposit Insurance. Harper Business, pp. 36-116.
4. Boyd, J.H., Gertler, M., 1993. US Commercial Banking: Trends, Cycles and Policy, NBER Macroeconomics Annual, pp. 319-368.
5. Brewer E.III. The impact of deposit insurance on S&L shareholders' risk/return tradeoff. Journal of Financial Services Research. 9:1995;65-89.
6. Calomiris, C.W., 1990. Is Deposit Insurance Necessary? A Historical Perspective, Journal of Economic History, June 1990, pp. 283-295.
7. Calomiris, C.W., 1993a. Regulation, industrial structure, and instability in US banking: An historical perspective. In: M. Klausner, L.J. White (Eds.), Structural Change in Banking. Business One-Irwin, pp. 19-116.
8. Calomiris C.W. The decline of private deposit insurance in the US: A comment. Carnegie-Rochester Series on Public Policy. 38:1993;129-142.
9. Calomiris, C.W., 1994. Is the discount window necessary? A Penn Central perspective, Federal Reserve Bank of St. Louis Review, May/June 1994, pp. 31-55.
10. Calomiris, C.W., Carey, M., 1994. Loan market competition between foreign and US banks: Some facts about loans and borrowers. In: Proceedings of the 30th Annual Conference on Bank Structure and Competition. Federal Reserve Bank of Chicago, pp. 331-351.
11. Calomiris, C.W., Gorton, G., 1991. The origins of banking panics: Models, facts, and bank regulation. In: R.G. Hubbard (Ed.), Financial Markets and Financial Crises. University of Chicago Press, Chicago, pp. 109-173.
12. Calomiris, C.W., Kahn, C.M., 1991. The role of demandable debt in structuring optimal banking arrangements, American Economic Review. June, pp. 497-513.
13. Calomiris, C.W., Kahn, C.M., 1991. The efficiency of self-regulated payments systems: Learning from the Suffolk system, Journal of Money Credit and Banking, November, Part 2, pp. 766-797.
14. Calomiris, C.W., Mason, J., 1997. Contagion and bank failures during the Great Depression: The June 1932 Chicago banking panic, American Economic Review, December, pp. 863-883.
15. Calomiris, C.W., White, E.N., 1994. The origins of federal deposit insurance. In: C. Goldin, G. Libecap (Eds.), The Regulated Economy. University of Chicago Press, Chicago, pp. 145-188.
16. Calomiris, C.W., Wilson, B., 1998. Bank capital and portfolio management: The 1930s capital crunch and scramble to shed risk, Working paper no. 6649, NBER, Cambridge, MA.
17. Congressional Budget Office, 1990. Reforming Federal Deposit Insurance.
18. de la Cuadra, S., Valdes, S., 1992. Myths and facts about financial liberalization in Chile. In: Brock, P. (Ed.), If Texas were Chile: A primer on banking reform. The Sequoia Institute, pp. 11-101.
19. de Krivoy, Ruth., 1995. Lessons from financial crises: Evidence from Venezuela. In: Proceedings of the 31st Annual Conference on Bank Structure and Competition. Federal Reserve Bank of Chicago, pp. 162-170.
20. English W. The decline of private deposit insurance in the US. Carnegie-Rochester Series on Public Policy. 38:1993;57-128.
21. Evanoff, D.D., 1993. Preferred sources of market discipline, Yale Journal of Regulation (Summer), pp. 347-367.
22. Garcia, G., 1996. Deposit insurance: Obtaining the benefits and avoiding the pitfalls, Working paper, International Monetary Fund, Washington, DC.
23. Gorton, G., 1985. Clearing houses and the origin of central banking in the US, Journal of Economic History (June), pp. 277-283.
24. Gorton, G., Pennacchi, G., 1990. Financial intermediaries and liquidity creation, Journal of Finance (March), pp. 49-71.
25. Kane, E., 1989. The S&L insurance mess: How did it happen? Urban Institute Press.
26. Kane, E., 1992. The incentive incompatibility of Government-sponsored deposit-insurance funds, In: The Reform of Federal Deposit Insurance. Harper Business, pp. 144-166.
27. Kane, E., 1993. Taxpayer loss exposure in the bank insurance fund, Challenge (March/April).
28. Keehn, S., 1989. Banking on the balance: Powers and the safety net, A proposal. Working paper, Federal Reserve Bank of Chicago.
29. Mason, J., 1999. The effects of reconstruction finance corporation assistance to banks during the Great Depression. Working paper, Drexel University, Philadelphia, PA.
30. Merton. R.C., 1977. An analytic derivation of the cost of deposit insurance loan guarantees: An application of modern option pricing theory. Journal of Banking and Finance (June), pp. 3-11.
31. Mishkin, F., 1991. Anatomy of a financial crisis. Working paper, no. 3934 (December) NBER, Cambridge, MA.
32. Petersen, M., Rajan R., 1994. The benefits of lending relationships: Evidence from small business data. Journal of Finance (March), pp. 3-37.
33. Ramirez, G., Rosende, F., 1992. Responding to collapse: Chilean banking legislation after 1983. In: Philip Brock (Ed.), If Texas Were Chile: A Primer on Banking Reform. The Sequoia Institute, 193-216, 387-426.
34. Wall, L.D., 1989. A plan for reducing future deposit insurance losses: Puttable subordinated debt. Economic Review (July/August), pp. 2-17.