One of the major financial market events of the 1980s was the
precipitous rise of depository institution failures including banks,
savings and loan associations, and credit unions. Not since the 1930s
has there been a similar period of turmoil in these industries. The
events of the 1980s have inspired a renewed interest in the causes and
cost of financial institution failure and several questions that had
seldom been asked in the post-World War II economics literature have
resurfaced
- Why do financial institutions fail?
- What are the costs of their failure?
- How do they differ from other firms and industries?
- What are the implications for financial market regulation?
The Causes and Costs of Depository Institution Failures critically
surveys and extends previous analyses of these questions.
Audience: Scholars and researchers in the areas of money and banking,
financial institutions, and financial markets, as well as regulators and
policymakers