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Conference Paper
Are banking supervisory data useful for macroeconomic forecasts?
Journal Article
Managing the expanded safety net
In this essay, we first briefly explain why the government?s response to the 2007?08 financial turmoil, although justified, expanded the safety net and exacerbated the existing too big to fail problem.
Journal Article
Declining deposits...is it all bad news?
Journal Article
Managing TBTF by reducing systemic risk
The most persuasive way to convince bank creditors that their bank isn't too big to fail (TBTF) is for policymakers to reduce systemic risk and to communicate those steps to the public.
Journal Article
Addressing TBTF when banks merge: a proposal
A proposed bank merger and acquisition (M&A) provides a unique opportunity to address too big to fail concerns?the problem of big banks taking undue risks due to creditors? perceptions that government policymakers will bail them out to prevent spillovers from bank collapse. Under a preliminary reform proposal, the Federal Reserve, the Federal Deposit Insurance Corporation and the U.S. Treasury would, as part of the review process for large bank M&As, be required to report on how they are putting large bank creditors at risk of loss. Linking M&A reviews to TBTF management reviews would have ...
Journal Article
A primer on bank consolidation in the Ninth District