IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Safeguarding the banking system in an environment of financial cycles: an overview

Listed author(s):
  • Richard E. Randall
Registered author(s):

    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 fall of 1993, the Federal Reserve Bank of Boston sponsored a symposium to consider various proposals to safeguard the banking system in the context of finandal cycles. These proposals included one for timely super~dsory intervention against excessive risk concentrations in banks, one for obtah~ng market discipline from acquirers of subordinated debt, another calling for coinsurance of deposits, and another for functional reorganization of banks to expose all but transaction accounts to market discipline. This article offers an overview of the papers that were presented and the discussion among the participants.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Federal Reserve Bank of Boston in its journal New England Economic Review.

    Volume (Year): (1994)
    Issue (Month): Mar ()
    Pages: 3-14

    in new window

    Handle: RePEc:fip:fedbne:y:1994:i:mar:p:3-14
    Contact details of provider: Postal:
    600 Atlantic Avenue, Boston, Massachusetts 02210

    Phone: 617-973-3397
    Fax: 617-973-4221
    Web page:

    More information through EDIRC

    Order Information: Email:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:fip:fedbne:y:1994:i:mar:p:3-14. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catherine Spozio)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.