1 Bank Structure in Canada -- 2 Bank Structure in Chile -- 3 Banking Structure of China -- 4 Banking in the European Economic Community: Structure, Competition, and Public Policy -- 5 The French Financial System -- 6 The Structure of the Italian Financial System -- 7 The Evolution of Japanese...

This volume focuses on constructing a safer and more efficient financial system based on the lessons learned from the financial debacles of the 1980s. The first essay discusses the economic and political forces both propelling and opposing widespread banking reform. The next two essays describe...

In the late 1990s, Korea, Thailand, Indonesia and Malaysia experienced a series of major financial crises evinced by widespread bank insolvencies and currency depreciations, as well as sharp declines in gross domestic production. This sudden disruption of the Asian economic `miracle' astounded...

1 Purpose and Operation of the Shadow Financial Regulatory Committee -- 2 Guaranty of Deposits Under the Banking Act of 1933 -- 3 Restructuring Banking: The Shadow Financial Regulatory Committee’s Program for Banking Reform -- 4 Market—Value Accounting by Banks: Benefits, Costs and...

In the U.S., the insolvency resolution of most corporations is governed by the federal bankruptcy code and is administered by special bankruptcy courts. Most large corporate bankruptcies are resolved under Chapter 11 reorganization proceedings. However, commercial bank insolvencies are governed...

This paper reviews the causes of recent banking crises, particularly in the United States. The paper argues that to the extent banks are perceived to be "special," it is primarily because of poorly designed special public policies, particularly safety nets, rather than their inherent...

Much concern has recently been expressed that both large, procyclical changes in bank assets and "credit crunches" caused by bank reluctance to expand loans during recessions contribute to economic instability. These effects are difficult to explain using the standard textbook model of deposit...