1.

Record Nr.

UNINA9910777471103321

Titolo

Too big to fail [[electronic resource] ] : policies and practices in government bailouts / / edited by Benton E. Gup

Pubbl/distr/stampa

Westport, Conn., : Praeger, 2004

ISBN

1-280-92642-2

9786610926428

0-313-01742-5

Descrizione fisica

1 online resource (368 p.)

Altri autori (Persone)

GupBenton E

Disciplina

338.7/4

Soggetti

Business failures

Business failures - United States

Bank failures

Bank failures - United States

Intervention (Federal government)

Bankruptcy

Corporate reorganizations

Corporate turnarounds

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Contents; Preface; PART I: HISTORICAL AND CURRENT PERSPECTIVES; Chapter 1 Some Historical Perspectives on "Too Big to Fail" Policies; Chapter 2 What Does Too Big to Fail Mean?; Chapter 3 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; Chapter 4 Does Financial Liberalization Increase the Likelihood of a Systemic Banking Crisis? Evidence from the Past Three Decades and the Great Depression

Chapter 5 The Federal Home Loan Bank System and the Farm Credit System: Historic Parallels and Implications for Systemic RiskChapter 6 Too Big to Fail in the Banking Industry: A Survey; Chapter 7 Too Big to Fail in U.S. Banking: Quo Vadis?; Chapter 8 The Fall and Rise of Banking Safety Net Subsidies; PART II: INTERNATIONAL PERSPECTIVES; Chapter 9 Too Big to Fail: The Australian Perspective; Chapter 10 Too Big to Fail:



A Taxonomic Analysis; Chapter 11 Avoiding a Permanent Banking Crisis: The Hungarian Banking Sector in the 1990s; Chapter 12 Banking in Japan: Will Too Big to Fail Prevail?

PART III: TOO BIG, OR NOT TOO BIG TO FAIL: FANNIE MAE, FREDDIE MAC, AND ENRONChapter 13 Are Fannie Mae and Freddie Mac Too Big to Fail?; Chapter 14 Enron: Not Too Big to Fail; About the Editors and Contributors; Index; A; B; C; D; E; F; G; H; I; J; L; M; N; O; P; R; S; T; U; W

Sommario/riassunto

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 vi