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An insider's view of the political economy of the too big to fail doctrine

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  • James B. Thomson
  • Walker F. Todd

Abstract

An explanation of the relationship between interbank exposure and the too big to fail doctrine, with an examination of the interbank exposure of U.S. banks between March 1984 and March 1990.

Suggested Citation

  • James B. Thomson & Walker F. Todd, 1990. "An insider's view of the political economy of the too big to fail doctrine," Working Papers (Old Series) 9017, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9017
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    References listed on IDEAS

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    3. Daria B. Caliguire & James B. Thomson, 1987. "FDIC policies for dealing with failed and troubled institutions," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
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    8. James B. Thomson, 1990. "Using market incentives to reform bank regulation and federal deposit insurance," Economic Review, Federal Reserve Bank of Cleveland, vol. 26(Q I), pages 28-40.
    9. 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.
    10. 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.
    11. Kryzanowski, Lawrence & Roberts, Gordon S, 1993. "Canadian Banking Solvency, 1922-1940," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(3), pages 361-376, August.
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    15. Schuker, S.A., 1988. "American "Reparations" To Germany, 1919-33: Implication For The Third World Debt Crisi," Princeton Studies in International Economics 61, International Economics Section, Departement of Economics Princeton University,.
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    Citations

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    Cited by:

    1. Kane, Edward J., 2001. "Dynamic inconsistency of capital forbearance: Long-run vs. short-run effects of too-big-to-fail policymaking," Pacific-Basin Finance Journal, Elsevier, vol. 9(4), pages 281-299, August.
    2. William P. Osterberg & James B. Thomson, 1997. "Depositor preference legislation and failed banks' resolution costs," Working Papers (Old Series) 9715, Federal Reserve Bank of Cleveland.
    3. William P. Osterberg & James B. Thomson, 1999. "Banking consolidation and correspondent banking," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 9-20.
    4. Phil Molyneux & Klaus Schaeck & Tim Zhou, 2011. "‘Too Systemically Important to Fail’ in Banking," Working Papers 11011, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    5. Molyneux, Philip & Schaeck, Klaus & Zhou, Tim Mi, 2014. "‘Too systemically important to fail’ in banking – Evidence from bank mergers and acquisitions," Journal of International Money and Finance, Elsevier, vol. 49(PB), pages 258-282.

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    Keywords

    Bank supervision; Bank failures;

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