How big a problem is too big to fail?
By: Frederic S. Mishkin.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11814; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11814.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Deposit insurance -- United States.; Bank failures -- Government policy -- United States.
Description: "This review essay examines whether too-big-to-fail is as serious a problem as Gary Stern and Ron Feldman contend.  This essay argues that Stern and Feldman overstate the importance of the too-big-to-fail problem and do not give enough credit to the FDICIA legislation of 1991 for improving bank regulation and supervision.  However, this criticism of the Stern and Feldman book does not detract from many of its messages.  Even if the too-big-to-fail problem is not as serious as they contend, the policies they outline can make it less likely that a banking crisis will occur even if driven by other factors"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 12/20/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.