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An insider's view of the political economy of the too big to fail doctrine

Author

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  • Walker F. Todd
  • James B. Thomson

Abstract

An explanation of the relationship between interbank exposure and the too big to fail doctrine, with an examination of the interbank exposure of U.S. banks between March 1984 and March 1990.

Suggested Citation

  • Walker F. Todd & James B. Thomson, 1990. "An insider's view of the political economy of the too big to fail doctrine," Working Paper 9017, Federal Reserve Bank of Cleveland.
  • Handle: RePEc:fip:fedcwp:9017
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    References listed on IDEAS

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    1. anonymous, 1987. "Large-dollar payment flows from New York," Quarterly Review, Federal Reserve Bank of New York, issue Win, pages 6-13.
    2. Edward J. Kane, 1989. "How Incentive-Incompatible Deposit-Insurance Funds Fail," NBER Working Papers 2836, National Bureau of Economic Research, Inc.
    3. Daria B. Caliguire & James B. Thomson, 1987. "FDIC policies for dealing with failed and troubled institutions," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
    4. Claudia Campbell & Hyman Minsky, 1987. "How to get off the back of a tiger, or, do initial conditions constrain deposit insurance reform?," Proceedings 158, Federal Reserve Bank of Chicago.
    5. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    6. Thomas M. Humphrey, 1989. "Lender of last resort: the concept in history," Economic Review, Federal Reserve Bank of Richmond, issue Mar, pages 8-16.
    7. James B. Thomson, 1990. "Using market incentives to reform bank regulation and federal deposit insurance," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 28-40.
    8. 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.
    9. 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.
    10. Kryzanowski, Lawrence & Roberts, Gordon S, 1993. "Canadian Banking Solvency, 1922-1940," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(3), pages 361-376, August.
    11. Lawrence Kryzanowski & Gordon S. Roberts, 1989. "The performance of the Canadian banking system, 1920-1940," Proceedings 236, Federal Reserve Bank of Chicago.
    12. Edward J. Stevens, 1989. "Payment system risk issues," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jun.
    13. Sherrill Shaffer, 1989. "Pooling intensifies joint failure risk: abstract," Proceedings 249, Federal Reserve Bank of Chicago.
    14. Schuker, S.A., 1988. "American "Reparations" To Germany, 1919-33: Implication For The Third World Debt Crisi," Princeton Studies in International Economics 61, International Economics Section, Departement of Economics Princeton University,.
    15. Jack Guttentag & Richard J. Herring, 1988. "Prudential supervision to manage systemic vulnerability," Proceedings 217, Federal Reserve Bank of Chicago.
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    Citations

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    Cited by:

    1. William P. Osterberg & James B. Thomson, 1999. "Banking consolidation and correspondent banking," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 9-20.
    2. Kane, Edward J., 2001. "Dynamic inconsistency of capital forbearance: Long-run vs. short-run effects of too-big-to-fail policymaking," Pacific-Basin Finance Journal, Elsevier, vol. 9(4), pages 281-299, August.
    3. William P. Osterberg & James B. Thomson, 1997. "Depositor preference legislation and failed banks' resolution costs," Working Paper 9715, Federal Reserve Bank of Cleveland.
    4. Phil Molyneux & Klaus Schaeck & Tim Zhou, 2011. "‘Too Systemically Important to Fail’ in Banking," Working Papers 11011, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    5. Molyneux, Philip & Schaeck, Klaus & Zhou, Tim Mi, 2014. "‘Too systemically important to fail’ in banking – Evidence from bank mergers and acquisitions," Journal of International Money and Finance, Elsevier, vol. 49(PB), pages 258-282.

    More about this item

    Keywords

    Bank supervision ; Bank failures;

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