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The Causes and Costs of Depository Institution Failures

  • Book
  • © 1995

Overview

Editors:
  1. Allin F. Cottrell

    1. Wake Forest University, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. Michael S. Lawlor

    1. Wake Forest University, USA

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    You can also search for this editor in PubMed   Google Scholar

  3. John H. Wood

    1. Wake Forest University, USA

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Part of the book series: Innovations in Financial Markets and Institutions (IFMI, volume 9)

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-vii
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  2. Introduction

    • Allin F. Cottrell, Michael S. Lawlor, John H. Wood
    Pages 1-8

  3. S&L Closures and Survivors: Are there Systematic Differences in Behavior?

    • James R. Barth, Carl D. Hudson, John S. Jahera Jr.
    Pages 9-27

  4. Deregulation Gone Awry: Moral Hazard in the Savings and Loan Industry

    • Rebel A. Cole, Joseph A. McKenzie, Lawrence J. White
    Pages 29-73

  5. Underlying Determinants of Closed-Bank Resolution Costs

    • William P. Osterberg, James B. Thomson
    Pages 75-92

  6. Federal Reserve Lending to Banks that Failed: Implications for the Bank Insurance Fund

    • R. Alton Gilbert
    Pages 93-117

  7. The Savings and Loan Debacle: Moral Hazard or Market Disaster?

    • Gregory A. Lilly
    Pages 119-161

  8. What are the Connections between Deposit Insurance and Bank Failures?

    • Allin F. Cottrell, Michael S. Lawlor, John H. Wood
    Pages 163-198

  9. Bank Failures as Poisson Variates: A Reappraisal

    • Nurhan Davutyan
    Pages 199-211

  10. A Triggering Mechanism of Economywide Bank Runs

    • Sangkyun Park
    Pages 213-231

  11. Herd Behavior or Animal Spirits: A Possible Explanation of Credit Crunches and Bubbles

    • Thomas S. Mondschean, Rowena A. Pecchenino
    Pages 233-245

  12. Back Matter

    Pages 247-250
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Keywords

About this book

One of the major financial market events of the 1980s was the precipitous rise of depository institution failures including banks, savings and loan associations, and credit unions. Not since the 1930s has there been a similar period of turmoil in these industries. The events of the 1980s have inspired a renewed interest in the causes and cost of financial institution failure and several questions that had seldom been asked in the post-World War II economics literature have resurfaced
  • Why do financial institutions fail?
  • What are the costs of their failure?
  • How do they differ from other firms and industries?
  • What are the implications for financial market regulation?
The Causes and Costs of Depository Institution Failures critically surveys and extends previous analyses of these questions.
Audience: Scholars and researchers in the areas of money and banking, financial institutions, and financial markets, as well as regulators and policymakers.

Editors and Affiliations

  • Wake Forest University, USA

    Allin F. Cottrell, Michael S. Lawlor, John H. Wood

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