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History of and rationales for the Reconstruction Finance Corporation

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  • Walker F. Todd
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    Abstract

    An analysis of the lessons learned from the 1930s financial rescue mechanism, the Reconstruction Finance Corporation, and a comparison of its structure to that of today's Resolution Trust Corporation.

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    File URL: http://www.clevelandfed.org/Research/Review/1992/92-q4-todd.pdf
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    File URL: https://fraser.stlouisfed.org/scribd/?toc_id=120317&filepath=/docs/publications/frbclevreview/rev_frbclev_1992q4.pdf&start_page=23#scribd-open
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    Article provided by Federal Reserve Bank of Cleveland in its journal Economic Review.

    Volume (Year): (1992)
    Issue (Month): Q IV ()
    Pages: 22-35

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    Handle: RePEc:fip:fedcer:y:1992:i:qiv:p:22-35:n:v.28no.4
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    1. Anna J. Schwartz, 1992. "The misuse of the Fed's discount window," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 58-69.
    2. Ronnie Phillips, 1992. "The 'Chicago Plan' and New Deal Banking Reform," Economics Working Paper Archive wp_76, Levy Economics Institute.
    3. Charles W. Calomiris, 1993. "Financial Factors in the Great Depression," Journal of Economic Perspectives, American Economic Association, vol. 7(2), pages 61-85, Spring.
    4. Beryl Wayne Sprinkel, 1952. "Economic Consequences of the Operations of the Reconstruction Finance Corporation," The Journal of Business, University of Chicago Press, vol. 25, pages 211.
    5. Walker F. Todd, 1988. "Lessons of the past and prospects for the future in lender of last resort theory," Working Paper 8805, Federal Reserve Bank of Cleveland.
    6. Alan Greenspan, 1989. "Statement by Alan Greenspan," Journal of Applied Corporate Finance, Morgan Stanley, vol. 2(1), pages 31-34.
    7. William R. Keeton, 1992. "The Reconstruction Finance Corporation: would it work today?," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 33-54.
    8. George G. Kaufman, 1992. "Bank contagion: theory and evidence," Working Paper Series, Issues in Financial Regulation 92-13, Federal Reserve Bank of Chicago.
    9. Butkiewicz James L., 1995. "The Impact of a Lender of Last Resort during the Great Depression: The Case of the Reconstruction Finance Corporation," Explorations in Economic History, Elsevier, vol. 32(2), pages 197-216, April.
    10. Christopher J. Pike & James B. Thomson, 1991. "The RTC and the escalating costs of the thrift insurance mess," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
    11. Walker F. Todd, 1988. "Lessons of the past and prospects for the future in lender of last resort theory," Proceedings 215, Federal Reserve Bank of Chicago.
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    Cited by:

    1. William E.Jackson, III & Ben R. Craig & James B. Thompson, 2006. "Does Small Business Administration guaranteed lending improve economic performance in low–income areas?," Proceedings: Community Affairs Dept. Conferences, Federal Reserve Bank of Kansas City, issue Jul, pages 55-85.
    2. Ben R. Craig & William E. Jackson & James B. Thomson, 2006. "Small firm credit market discrimination, SBA-guaranteed lending, and local market economic performance," Working Paper 0613, Federal Reserve Bank of Cleveland.
    3. Gary Gorton & Lixin Huang, 2002. "Liquidity, Efficiency and Bank Bailouts," NBER Working Papers 9158, National Bureau of Economic Research, Inc.
    4. Ben Craig & William Jackson & James Thomson, 2008. "Credit market failure intervention: Do government sponsored small business credit programs enrich poorer areas?," Small Business Economics, Springer, vol. 30(4), pages 345-360, April.
    5. Gary Gorton & Andrew Metrick, 2013. "The Federal Reserve and Panic Prevention: The Roles of Financial Regulation and Lender of Last Resort," Journal of Economic Perspectives, American Economic Association, vol. 27(4), pages 45-64, Fall.
    6. Torres, Ernani & Zeidan, Rodrigo, 2016. "The life-cycle of national development banks: The experience of Brazil's BNDES," The Quarterly Review of Economics and Finance, Elsevier, vol. 62(C), pages 97-104.
    7. Ben R. Craig & William E. Jackson & James B. Thomson, 2007. "On government intervention in the small-firm credit market and its effect on economic performance," Working Paper 0702, Federal Reserve Bank of Cleveland.

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