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This work focuses on the major financial system crisis experienced by the US in the 1980s, reviewing the evolution of the US banking system and the legislative, regulatory, and monetary policies of the 1980s which set the stage for the crises that followed.
List of contents
Preface. Part I: Asset Value Inflation and US Government Intervention. Introductory Note. 1. Legislative Deregulation and Tax Revision and their Policy and Economics Implications. 2. Cracks in the Banking and Financing System. 3. The Garn-St. Germain Act of 1982: A Final Deregulatory `Push'. Part II. Asset Value Inflation: Supervisory Deregulation and Regulatory Forbearance - the US Thrift Industry and Banking Experience. Introductory Note. 4. US Thrift Industry: FHLBB Deregulation. 5. Banking Agency Deregulation and Forbearance. 6. Commercial Real Estate and the Thrift and Banking Crises. Part III. Asset Value Deflation: Supervisory and Legislative Reregulation. Introductory Note. 7. The Immediate Post-Deregulatory Years (with Summary Observations). 8. Supervisory and Legislative Reregulation in the Thrift Industry. 9. The 1989 FIRREA Legislation - the Culmination of Regulation in the 1980's. 10. Effect of Supervisory and Legislative Reregulation on the Thrift and Banking Industries and Real Estate Lending Markets. 11. Further Deregulation: the 1991 FDICIA Legislation. Part IV. Concluding Observations. 12. Conclusion. Selected Bibliography. Index.
