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How Should Bank Regulatory Agencies Be Organized?

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  • BERNARD Shull

Abstract

The U.S. Treasury Department (1991) makes a strong case for consolidating federal bank regulatory authority. However, its proposal to eliminate direct FDIC authority over insured nonmember banks contributes little to this end because deposit insurance requires supervisory oversight. The U.S. Treasury Department (1991) also maintains an independent role for the Federal Reserve. Elimination of neither the insurance agency nor the central bank appears practical. A better approach to regulatory agency consolidation would combine supervision with deposit insurance and central banking in an institutional structure modified somewhat from the present Federal Reserve structure.

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  • BERNARD Shull, 1993. "How Should Bank Regulatory Agencies Be Organized?," Contemporary Economic Policy, Western Economic Association International, vol. 11(1), pages 99-107, January.
    • Handle: RePEc:bla:coecpo:v:11:y:1993:i:1:p:99-107
    DOI: 10.1111/j.1465-7287.1993.tb00374.x
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    References listed on IDEAS

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    1. James A. Embersit & James V. Houpt, 1991. "A method for evaluating interest rate risk in U.S. commercial banks," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Aug, pages 625-637.
    2. Paul Davidson, 1991. "Is Probability Theory Relevant for Uncertainty? A Post Keynesian Perspective," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 129-143, Winter.
    3. Devra L. Golbe & Bernard Shull, 1991. "Risk Taking By Thrift Institutions: A Framework For Empirical Investigation," Contemporary Economic Policy, Western Economic Association International, vol. 9(3), pages 106-115, July.
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    Cited by:

    1. Thomas Lambert & Jacques Le Cacheux & Audrey Mahuet, 1997. "L'épidémie de crises bancaires dans les pays de l'OCDE," Revue de l'OFCE, Programme National Persée, vol. 61(1), pages 93-138.
    2. Carmine Di Noia & Giorgio Di Giorgio, 1999. "Should Banking Supervision and Monetary Policy Tasks be Given to Different Agencies?," International Finance, Wiley Blackwell, vol. 2(3), pages 361-378, November.
    3. repec:spo:wpmain:info:hdl:2441/2097 is not listed on IDEAS
    4. repec:spo:wpecon:info:hdl:2441/2097 is not listed on IDEAS
    5. repec:hal:wpspec:info:hdl:2441/2097 is not listed on IDEAS
    6. repec:hal:spmain:info:hdl:2441/2097 is not listed on IDEAS
    7. Catherine England, 1994. "Regulatory Restructuring: Resolving the Fed's Conflicting Roles," Cato Journal, Cato Journal, Cato Institute, vol. 13(3), pages 367-385, Winter.

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