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Journal Article
Roundtable discussion: reflection on twenty years of bank regulatory reform
In 1986 the American Bankers Association asked five banking academics to assess and recommend policy options to improve the banking system's efficiency, performance, and safety. The report these five economists produced, Perspectives on Safe and Sound Banking: Past, Present, and Future, has in many ways served as a roadmap for ensuing bank regulatory reforms. In this roundtable discussion, each of the five authors reflects on the past twenty years and the current status of the banking industry and, in some cases, shares thoughts about the industry's future direction.
Conference Paper
Foundations of financial regulation
Conference Paper
Valuing conjectural government guarantees of FNMA liabilities
Conference Paper
Safety net subsidies at U.S. commercial banks, 1985-1994
Conference Paper
Parameter variability, event studies, and the two-index model