Description
Book SynopsisIn December 1991, the US Congress enacted and President George Bush signed Federal Deposit Insurance Corporation Improvement Act (FDICIA). This title provides knowledge on improving the performance of banking systems. It is useful to researchers and policy-makers both in evaluating regulatory structures and in designing modified structures.
Table of ContentsList of contributions. Introduction (G.G. Kaufman). Part I Market discipline by bank creditors. Subordinated debt and prompt corrective regulatory action (D.D Evanoff, L.D. Wall). Can feedback from the jumbo-CD market improve off-site surveillance of community banks? (R.A. Gilbert et al.). Did FDICIA enhance market discipline on community banks? (J.R. Hall et al.). Comment (B.E. Gup). Comment (A.C. Hess). Part II PCA and market discipline: The U.S. experience. The major supervisory initiatives post-FDICIA: Are they based on goals of PCA? Should they be? (R.A. Eisenbeis, L.D. Wall). Differentiating among critically undercapitalized banks and thrifts (L. Shibut, et al.). Pricing bank distress: Before and after PCA (G.A. Hanweck, L.J. Spellman). Comment (H. Rosenblum). Comment (L.R. Mote). Part III. PCA and market discipline: The non-U.S. experience. Do depositors discipline Swiss banks? (U.W. Birchler, A.M. Maechler). PCA in International practice (A. de Juan). When does financial liberalization make banks risky? An empirical examination of Argentina, Canada and Mexico (W.C. Gruben, et al.). Comment (W.C. Hunter). Comment (D.T. Llewellyn).
