IDEAS home Printed from https://ideas.repec.org/a/fip/fedcer/y1993iqiiip16-23nv.29no.3.html
   My bibliography  Save this article

FDICIA's emergency liquidity provisions

Author

Listed:
  • Walker F. Todd

Abstract

An exploration of the change in standards for Federal Reserve discount window access by nonbanks encompassed in the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), concluding that although it retrenched the federal financial safety net for undercapitalized insured depository institutions, the provision effectively expanded the safety net for uninsured nonbanks, irrespective of their capital or net worth positions.

Suggested Citation

  • Walker F. Todd, 1993. "FDICIA's emergency liquidity provisions," Economic Review, Federal Reserve Bank of Cleveland, vol. 29(Q III), pages 16-23.
    • Handle: RePEc:fip:fedcer:y:1993:i:qiii:p:16-23:n:v.29no.3
    as

    Download full text from publisher

    File URL: http://www.clevelandfed.org/Research/Review/1993/93-q3-todd.pdf
    Download Restriction: no
    File URL: https://fraser.stlouisfed.org/scribd/?toc_id=194639&filepath=/docs/publications/frbclevreview/rev_frbclev_1993q3.pdf&start_page=17#scribd-open
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. William R. Keeton, 1992. "The Reconstruction Finance Corporation: would it work today?," Economic Review, Federal Reserve Bank of Kansas City, vol. 77(Q I), pages 33-54.
    2. Larry D. Wall, 2010. "Too-big-to-fail after FDICIA," Economic Review, Federal Reserve Bank of Atlanta, vol. 95(1).
    3. Maxwell J. Fry, 1993. "The Fiscal Abuse of Central Banks," IMF Working Papers 1993/058, International Monetary Fund.
    4. Walker F. Todd, 1988. "Lessons of the past and prospects for the future in lender of last resort theory," Working Papers (Old Series) 8805, Federal Reserve Bank of Cleveland.
    5. Christopher J. Pike & James B. Thomson, 1992. "FDICIA's prompt corrective action provisions," Economic Commentary, Federal Reserve Bank of Cleveland, issue Sep.
    6. Thomas M. Humphrey & Robert E. Keleher, 1984. "The lender of last resort : a historical perspective," Working Paper 84-03, Federal Reserve Bank of Richmond.
    7. Walker F. Todd, 1988. "Lessons of the past and prospects for the future in lender of last resort theory," Proceedings 215, Federal Reserve Bank of Chicago.
    8. Anna J. Schwartz, 1992. "The misuse of the Fed's discount window," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 58-69.
    9. Thomas H. Humphrey & Robert E. Keleher, 1984. "The Lender of Last Resort; A Historical Perspective," Cato Journal, Cato Journal, Cato Institute, vol. 4(1), pages 275-321, Spring/Su.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Surprise Move: The Fed Pulls Back on Deposit Insurance
      by Norbert Michel in The Foundry on 2015-01-08 23:20:38

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Walker F. Todd, 1992. "History of and rationales for the Reconstruction Finance Corporation," Economic Review, Federal Reserve Bank of Cleveland, vol. 28(Q IV), pages 22-35.
    2. Marvin Goodfriend & Jeffrey M. Lacker, 1999. "Limited commitment and central bank lending," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 1-27.
    3. repec:zbw:bofrdp:2006_014 is not listed on IDEAS
    4. Walker F. Todd, 1992. "FDICIA's discount window provisions," Economic Commentary, Federal Reserve Bank of Cleveland, issue Dec.
    5. Toporowski, Jan, 2006. "Open market operations : beyond the new consensus," Research Discussion Papers 14/2006, Bank of Finland.
    6. Gerald P. O'Driscoll, 1984. "Safety-net mechanisms: the case of international lending," Working Papers 8404, Federal Reserve Bank of Dallas.
    7. Fabio Castiglionesi & Wolf Wagner, 2012. "Turning Bagehot on His Head: Lending at Penalty Rates When Banks Can Become Insolvent," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(1), pages 201-219, February.
    8. Vincent Bignon & Marc Flandreau & Stefano Ugolini, 2012. "Bagehot for beginners: the making of lender‐of‐last‐resort operations in the mid‐nineteenth century," Economic History Review, Economic History Society, vol. 65(2), pages 580-608, May.
    9. Bastidon, Cécile & Gilles, Philippe & Huchet, Nicolas, 2008. "The international lender of last resort and selective bail-out," Emerging Markets Review, Elsevier, vol. 9(2), pages 144-152, June.
    10. Antoine Martin, 2005. "Reconciling Bagehot with the Fed's response to September 11," Staff Reports 217, Federal Reserve Bank of New York.
    11. Maurice Obstfeld, 2014. "Never Say Never: Commentary on a Policymaker’s Reflections," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 62(4), pages 656-693, November.
    12. Laurent Le Maux, 2004. "L'émergence d'une banque supérieure sous le régime de la liberté bancaire," Recherches économiques de Louvain, De Boeck Université, vol. 70(2), pages 193-221.
    13. Gertrude Tumpel-Gugerell, 2013. "Lender of Last Resort - Which Institution Could Best Fulfill this Function?," Chapters, in: Andreas Dombret & Otto Lucius (ed.), Stability of the Financial System, chapter 24, Edward Elgar Publishing.
    14. repec:hal:spmain:info:hdl:2441/153e5es3a8988omf0qkf000ql2 is not listed on IDEAS
    15. Laurent Le Maux, 2021. "Bagehot for Central Bankers," Working Papers Series inetwp147, Institute for New Economic Thinking.
    16. Antoine Martin, 2009. "Reconciling Bagehot and the Fed's Response to September 11," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(2‐3), pages 397-415, March.
    17. Laurent Le Maux, 2018. "Central banking and finance: the Bank of England and the Bank Act of 1844," Post-Print hal-02854521, HAL.
    18. Marvin Goodfriend & Robert G. King, 1988. "Financial deregulation, monetary policy, and central banking," Economic Review, Federal Reserve Bank of Richmond, vol. 74(May), pages 3-22.
    19. Fernando Ossa, 2003. "Los Bancos Centrales como Prestamistas de Última Instancia," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 40(120), pages 323-335.
    20. Toporowski, Jan, 2006. "Open market operations: beyond the new consensus," Bank of Finland Research Discussion Papers 14/2006, Bank of Finland.
    21. Vincent Bignon & Marc Flandreau & Stefano Ugolini, 2009. "Bagehot for beginners: The making of lending of last resort operations in the mid-19th century," Working Paper 2009/22, Norges Bank.
    22. Stanley Fischer, 1999. "On the Need for an International Lender of Last Resort," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 85-104, Fall.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedcer:y:1993:i:qiii:p:16-23:n:v.29no.3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: 4D Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbclus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.