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Regulatory Changes and Federal Mutual Thrift Behavior: Evidence from the 1980s

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  • Hudgins, Sylvia C
  • Morgan, George Emir

Abstract

This paper provides the first traditional microeconomic analysis of the effects of a deregulated environment as evidenced by federal mutual thrifts' shifts in portfolio composition. Empirical results for the early 1980s indicate that prior experience relating to nonhousing assets plays a substantial role in determining the extent to which expanded powers are employed. Evidence of a retrenchment away from expanded powers in the late 1980s and a much diminished explanatory power of the economic approach in the late 1980s suggest the late 1980s was not a period of deregulatory response by previously constrained firms in contrast with the early 1980s. Copyright 1993 by Ohio State University Press.

Suggested Citation

  • Hudgins, Sylvia C & Morgan, George Emir, 1993. "Regulatory Changes and Federal Mutual Thrift Behavior: Evidence from the 1980s," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(4), pages 828-853, November.
  • Handle: RePEc:mcb:jmoncb:v:25:y:1993:i:4:p:828-53
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    Cited by:

    1. Peristiani, Stavros & Wizman, Thierry A., 1997. "Mutual-to-stock conversions in the thrift industry in the 1990s," Journal of Economics and Business, Elsevier, vol. 49(2), pages 95-116.

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