Too Big to Fail: Policies and Practices in Government Bailouts / Edition 1

by Benton E. Gup

Overview

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 views of academics, practitioners, and regulators from around the world (e.g., Australia, Hungary, Japan, Europe, and Latin America) on the implications and consequences of government bailouts.

Product Details

ISBN-13:	9781567206210
Publisher:	Bloomsbury Academic
Publication date:	12/30/2003
Edition description:	New Edition
Pages:	368
Product dimensions:	6.14(w) x 9.21(h) x 0.81(d)
Lexile:	1500L (what's this?)

About the Author

BENTON E. GUP holds the Robert Hunt Cochrane-Alabama Bankers Association Chair of Banking at the University of Alabama, Tuscaloosa. He is the editor or author of numerous books, including The Future of Banking (2003), Megamergers in a Global Economy: Causes and Consequences (2002), and The New Financial Architecture: Banking Regulation in the 21st Century (2001), all published by Quorum Books.

Table of Contents

Preface by Benton E. Gup
Historical and Current Perspectives
Some Historical Perspectives on "Too Big to Fail" Policies by Charles G. Leathers and J. Patrick Raines
What Does "Too Big to Fail" Mean? by Benton E. Gup
Too 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. Schiffman
Does 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. Phillips
Too Big to Fail in the Banking Industry: A Survey by Marcelo Dabos
Too Big to Fail in U.S. Banking: Quo Vadis? by George G. Kaufman
The Fall and Rise of Banking Safety-Net Subsidies by Joe Peek and James A. Wilcox
International Perspectives
Too Big to Fail: The Australian Perspective by Chris Terry and Rowan Trayler
Too Big to Fail: A Taxonomic Analysis by Steven A. Seelig
Avoiding a Permanent Banking Crisis: The Hungarian Banking Sector in the 1990s by Julia Kiraly and Eva Varhegyi
Banking in Japan: Will "Too Big to Fail" Prevail? by Adrian Rixtel, Yupana Wiwattanakantang, Toshiyuki Souma, and Kazunori Suzuki
Too Big or Not Too Big to Fail: Fannie Mae, Freddie Mac, and Enron
Are Fannie Mae and Freddie Mac Too Big to Fail? by Benton E. Gup
Enron: Not Too Big to Fail by Benton E. Gup