Restoring banking stability: beyond supervised capital requirements
Article Abstract:
It is important to consider why emerging markets are particularly vulnerable to financial problems. Particular emphasis must be placed on the considerable volatility suffered by emerging markets and on the potential for political involvement in bank regulation. It is common for political interference to play a significant role in widespread bank failure, especially in countries with a small political elite and where there is no strong democratic process or press freedom. Consideration must be given to ways of improving the incentives for key players in financial markets, and whether the use of blunt instruments may sometimes be appropriate.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
FDICIA after five years
Article Abstract:
The Federal Deposit Insurance Corporation Improvement Act (FDCIA) of 1991 has been effective in leading the recovery of the US banking industry from its unprecedented downfall in 1990. The policy of structured early intervention and resolution instituted by the act has been particularly helpful for most banks. The thrift industry also manifested significant albeit slower rise in financial gain. The efficient implementation of the regulations set by FDCIA is expected to facilitate continued progress in the banking and thrift industries.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
The repeal of Glass-Steagall and the advent of broad banking
Article Abstract:
The Gramm-Leach-Bliley Act, which was enacted on Nov 12, 1999, allows single holding firms to offer securities, banking and insurance. This legislation generally prevents state legislators from preventing banking firms from being involved in any of the financial activities allowed by the act.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Testing parameter constancy and super exogeneity in econometric equations. Econometric evaluation of the New Keynesian Phillips Curve
- Abstracts: The probability of Condorcet cycles and super majority rules. On the existence of endogenous cycles
- Abstracts: Going green. Cotton growers seek survival methods. Winning consumer confidence with the Seal of Cotton
- Abstracts: Rules, restrictions, constraints: structure and process in the new institutional economics. Economic transition: speed and scope
- Abstracts: The dismantling of CONASUPO, a Mexican state trader in agriculture