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S.& L.Debacle Lawrence J. White

S.& L.Debacle By Lawrence J. White

S.& L.Debacle by Lawrence J. White


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Summary

Describes the period of failures of savings and loan associations and sets out a programme of policies to prevent future debacles. It explains the regulatory actions, and inactions, that created the incentives for large numbers of savers to make excessively risky and investments.

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S.& L.Debacle Summary

S.& L.Debacle: Public Policy Lessons for Bank and Thrift Regulation by Lawrence J. White

This book describes the period of failures of savings and loan associations and sets out a program of policies to prevent future debacles. It explains the regulatory actions, and inactions, that created the incentives for large numbers of thrifts to make excessively risky and ill-conceived - and in some cases, fraudulent and criminal - investments. It describes the failure of the accounting system to provide adequate information to regulators (and, in many cases, even to the managers of the thrifts themselves) concerning the health and riskiness of individual thrifts. It also discusses how the regulatory system that had been conceived in an earlier and highly regulated era was overwhelmed in the deregulated environment of the early 1980s. It shows how the reforms that were made in response to the growing crisis were too little and too late. And, finally, it offers a set of policy reforms that could prevent future crises in the savings and loan industry. This work should be of interest to political and financial economists.

About Lawrence J. White


About the Author
Lawrence J. White is Arthur E. Imperatore Professor of Economics at New York University's Stern School of Business. He is the author of many books, most recently International Trade in Ocean Shipping Services: The U.S. and the World (1988).

Additional information

CIN0195067339G
9780195067330
0195067339
S.& L.Debacle: Public Policy Lessons for Bank and Thrift Regulation by Lawrence J. White
Used - Good
Hardback
Oxford University Press Inc
1991-03-01
301
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

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