000 02524cam a22003734a 4500
001 2003026258
003 DLC
005 20190729102826.0
008 031202s2004 dcua b 001 0 eng
010 _a 2003026258
020 _a0815781520 (cloth : alk. paper)
040 _aDLC
_cDLC
_dDLC
042 _apcc
043 _an-us---
049 _aEY8Z
050 0 0 _aHG2491
_b.S74 2004
082 0 0 _a332.1/2
_222
100 1 _aStern, Gary H.
245 1 0 _aToo big to fail :
_bthe hazards of bank bailouts /
_cGary H. Stern, Ron J. Feldman.
260 _aWashington, D.C. :
_bBrookings Institution Press,
_cc2004.
300 _axiii, 230 p. :
_bill. ;
_c24 cm.
504 _aIncludes bibliographical references (p. 197-222) and index.
505 0 _aForeword by Paul Volcker. 1. Introduction: Our Message and Methods. PART 1. Warnings : 2. What Is the Problem? -- 3. Why Protection Is Costly -- 4. How Pervasive Is TBTF? -- 5. Why Protect TBTF Creditors? -- 6. The Growth of TBTF Protection -- 7. Testing Our Thesis: The Cases of Not Too Big to Fail. PART 2. Options : 8. Can the Problem be Addressed? -- 9. Creating the Necessary Foundation -- 10. Reducing Policymakers' Uncertainty -- 11. Limiting Creditor Losses -- 12. Restricting Payment System Spillovers -- 13. Alternatives for Managing Too Big to Fail -- 14. Summary: Talking Points on Too Big to Fail. APPENDIXES: A. FDICIA: An Incomplete Fix. B. Penalizing Policymakers. C. Supervision and Regulation. D. Increasing Market Discipline.
520 _aPublisher description: The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order. Because of such fears, policymakers in many countries-developed and less developed, democratic and autocratic-respond by protecting bank creditors from all or some of the losses they otherwise would face. Failing banks are labeled "too big to fail" (or TBTF). This important new book examines the issues surrounding TBTF, explaining why it is a problem and discussing ways of dealing with it more effectively.
650 0 _aBank failures
_zUnited States.
650 0 _aBank failures
_xGovernment policy
_zUnited States.
650 0 _aBanks and banking
_xState supervision.
650 0 _aIntervention (Federal government)
700 1 _aFeldman, Ron J.
948 _au170808
949 _hEY8Z
_i33039000725951
596 _a1
903 _a8487
999 _c8487
_d8487