Journal Article
The need to protect depositors of large banks, and the implications for powers and ownership
Randall, Richard E. (1990-09)
Three fundamental and interconnected issues should be carefully considered before making any decisions on altering the federal safety net or the structure of the U.S. banking system. The first is whether or not bank depositors and other creditors can exercise timely and meaningful restraint on excessive risk-taking by bank managements. The second is whether the government should handle the orderly resolution of large bank failures in such a way that uninsured depositors and other bank creditors are protected. The third fundamental issue is the degree to which banking should continue to be ...
New England Economic Review , Issue Sep , Pages 63-75

Conference Paper
Safeguarding the banking system in an environment of financial cycles: proceedings of a symposium held in November 1993
Randall, Richard E. (1993)
Conference Series ; [Proceedings] , Volume 37

Journal Article
Safeguarding the banking system in an environment of financial cycles: an overview
Randall, Richard E. (1994-03)
Various proposals to enhance the safety and soundness of the banking system have been debated in recent years. But the debate has generally focused on limiting losses to the deposit insurance funds in order to protect taxpayers, rather than on the broader implications for the banking system and its role in financial markets and the economy. Furthermore, proposals have generally not been considered in the context of financial cycles, where changing economic circumstances may reveal risk exposures and the potential for widespread losses in important segments of the banking industry. ; In the ...
New England Economic Review , Issue Mar , Pages 3-14

Conference Paper
Safeguarding the banking system from financial cycles
Randall, Richard E. (1993)
Conference Series ; [Proceedings] , Volume 37 , Pages 17-64

Conference Paper
Insurance companies as financial intermediaries: risk and return
Randall, Richard E.; Kopcke, Richard W. (1991)
Conference Series ; [Proceedings] , Volume 35 , Pages 19-72

Conference Paper
General discussion
Randall, Richard E. (1993)
Conference Series ; [Proceedings] , Volume 37 , Pages 147-160

Journal Article
The financial condition and regulation of insurance companies: an overview
Randall, Richard E.; Kopcke, Richard W. (1992-05)
In October 1990 questions were raised about real estate problems in the life insurance industry after the ninth largest life company sustained a major loss as a consequence of a write-down of real-estate-related assets. The value of insurance company stocks declined as the financial community began to take a hard look at the recent changes that had taken place. During the spring of 1991 the press increasingly focused on the industry, once it became evident that the life subsidiaries of First Executive and First Capital were impaired as a consequence of substantial investments in junk bonds. ; ...
New England Economic Review , Issue May , Pages 32-43

Conference Paper
Safeguarding the banking system in an environment of financial cycles: an overview
Randall, Richard E. (1993)
Conference Series ; [Proceedings] , Volume 37 , Pages 1-16

Journal Article
Can the market evaluate asset quality exposure in banks?
Randall, Richard E. (1989-07)
New England Economic Review , Issue Jul , Pages 3-24

Journal Article
Lessons from New England bank failures
Randall, Richard E. (1993-05)
The failure of the Rhode Island Share and Deposit Indemnity Corporation (RISDIC), a private insurance fund, and the closure of its 45 remaining member institutions froze the accounts of 300,000 individuals and 10 percent of all deposits in the state. While the closure of two institutions triggered RISDICs demise, flaws in both design and management had set the stage for failure and are the focus of this article. The authors group RISDICs problems into three categories: risk concentrations, control of the insurance fund by those it insured, and RISDICs inadequate regulatory oversight of ...
New England Economic Review , Issue May , Pages 13-35