Summary |
Reforming Financial Institutions and Markets in the United States focuses on constructing a safer and more efficient financial system based on the lessons learned from the financial debacles of the 1980s. Topics discussed include the economic and political forces both for and against widespread banking reform, the intellectual history of the deposit insurance reform provisions of FDICIA, the theoretical and empirical evidence of the costs and benefits of regulators granting forbearance to economically insolvent institutions, privatizing federal deposit insurance, the supervision of foreign banks in the United States, and whether U.S. financial markets affect the behavior of U.S. corporate managers.
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