Search Results
Conference Paper
Are banking supervisory data useful for macroeconomic forecasts?
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 ...
Report
Fixing FDICIA: a plan to address the too-big-to-fail problem
1997 Annual Report Essay
Discussion Paper
Forcing financial institution change through credible recovery/resolution plans: an alternative to plan-now/implement-later living wills
How can banks and similar institutions design optimal compensation systems? Would such systems conflict with the goals of society? This paper considers a theoretical framework of how banks structure job contracts with their employees to explore three points: the structure of a socially optimal compensation system; the structure of a compensation system that is privately optimal, given the reality of government-guaranteed bank debt; and policy interventions that can lead from the second structure to the first. Analysis reveals a potential policy option: providing proper incentives to banks by ...
Journal Article
Macrostability ratings: a preliminary proposal
Focusing supervisory attention by assessing the spillover potential of financial institutions
Journal Article
Too big to fail: the hazards of bank bailouts
Excerpts from Too Big to Fail: The Hazards of Bank Bailouts by Stern and Feldman, forthcoming from Brookings Institution Press.