Too big to fail : policies and practices in government bailouts
Usually associated with large bank failures, the phrase too big to fail, which is a particular form of government bailout, actually applies to a wide range of industries, as this volume makes clear. Examples range from Chrysler to Lockheed Aircraft and from New York City to Penn Central Railroad. Generally speaking, when a corporation, an organization, or an industry sector is considered by the government to be too important to the overall health of the economy, it will not be allowed to fail. Government bailouts are not new, nor are they limited to the United States. This book presents the vi
1 online resource (x, 359 pages)
9780313017421, 9781567206210, 9781280926426, 9786610926428, 0313017425, 1567206212, 1280926422, 6610926425
57447166
Preface by Benton E. GupHistorical and Current PerspectivesSome Historical Perspectives on "Too Big to Fail" Policies by Charles G. Leathers and J. Patrick RainesWhat Does "Too Big to Fail" Mean? by Benton E. GupToo Big to Fail, Government Bailouts, and Managerial Incentives: The Case of the Reconstruction Finance Corporation Assistance to the Railroad Industry During the Great Depression by Joseph R. Mason and Daniel A. SchiffmanDoes Financial Liberalization Increase the Likelihood of a Systemic Banking Crisis? Evidence from the Past Three Decades and the Great Depression by Arthur E. Wilmarth Jr.The Federal Home Loan Bank System and the Farm Credit System: Historic Parallels and Implications for Systemic Risk by David Nickerson and Ronnie J. PhillipsToo Big to Fail in the Banking Industry: A Survey by Marcelo DabosToo Big to Fail in U.S. Banking: Quo Vadis? by George G. KaufmanThe Fall and Rise of Banking Safety-Net Subsidies by Joe Peek and James A. WilcoxInternational PerspectivesToo Big to Fail: The Australian Perspective by Chris Terry and Rowan TraylerToo Big to Fail: A Taxonomic Analysis by Steven A. SeeligAvoiding a Permanent Banking Crisis: The Hungarian Banking Sector in the 1990s by Julia Kiraly and Eva VarhegyiBanking in Japan: Will "Too Big to Fail" Prevail? by Adrian Rixtel, Yupana Wiwattanakantang, Toshiyuki Souma, and Kazunori SuzukiToo Big or Not Too Big to Fail: Fannie Mae, Freddie Mac, and EnronAre Fannie Mae and Freddie Mac Too Big to Fail? by Benton E. GupEnron: Not Too Big to Fail by Benton E. Gup
English