Reforming deposit insurance: lessons from the savings and loan crisis
Abstract: A history of the collapse of the savings and loan industry. The authors contend that FSLICs institutional structures, established decades ago, made a thrift crisis inevitable. Poorly designed incentive structures strongly encouraged regulators and thrift managers to delay proper action when thrifts became insolvent. The authors present recommendations to prevent a recurrence of the crisis.
File(s): File format is application/pdf https://fraser.stlouisfed.org/files/docs/publications/frbrichreview/rev_frbrich199003.pdf
Provider: Federal Reserve Bank of Richmond
Part of Series: Economic Review
Publication Date: 1990