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How large has the federal financial safety net become?

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  • Nadezhda Malysheva
  • John R. Walter
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    Abstract

    Legislative and regulatory actions taken in response to the financial turmoil that occurred between 2007-2009 expanded the extent to which financial institution liabilities were protected by federal government guarantees, i.e., these actions expanded the federal financial safety net. How large has the safety net become? Walter and Weinberg (2002) measured and examined the size of the safety net as it stood in 1999. We estimate the size of the safety net as of the end of 2009, after the creation of a number of government programs meant to back financial liabilities. We use methods similar to those employed by Walter and Weinberg and find that the safety net has expanded significantly. We briefly describe our results and provide tables detailing them.

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    File URL: http://www.richmondfed.org/publications/research/economic_quarterly/2010/q3/pdf/walter.pdf
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    Bibliographic Info

    Article provided by Federal Reserve Bank of Richmond in its journal Economic Quarterly.

    Volume (Year): (2010)
    Issue (Month): 3Q ()
    Pages: 273-290

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    Handle: RePEc:fip:fedreq:y:2010:i:3q:p:273-290:n:v.96no.3

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    Related research

    Keywords: Financial services industry;

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    1. Diamond, Douglas W & Dybvig, Philip H, 1983. "Bank Runs, Deposit Insurance, and Liquidity," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 401-19, June.
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    Cited by:
    1. Viral V. Acharya & Matthew Richardson, 2012. "Implications of the Dodd-Frank Act," Annual Review of Financial Economics, Annual Reviews, vol. 4(1), pages 1-38, October.

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