The Causes and Costs of Depository Institution Failures

  • Allin F. Cottrell
  • Michael S. Lawlor
  • John H. Wood

Part of the Innovations in Financial Markets and Institutions book series (IFMI, volume 9)

Table of contents

  1. Front Matter
    Pages i-vii
  2. Allin F. Cottrell, Michael S. Lawlor, John H. Wood
    Pages 1-8
  3. James R. Barth, Carl D. Hudson, John S. Jahera Jr.
    Pages 9-27
  4. Rebel A. Cole, Joseph A. McKenzie, Lawrence J. White
    Pages 29-73
  5. William P. Osterberg, James B. Thomson
    Pages 75-92
  6. Allin F. Cottrell, Michael S. Lawlor, John H. Wood
    Pages 163-198
  7. Nurhan Davutyan
    Pages 199-211
  8. Thomas S. Mondschean, Rowena A. Pecchenino
    Pages 233-245
  9. Back Matter
    Pages 247-250

About this book


One of the major financial market events of the 1980s was the precipitous rise of depository institution failures including banks, savings and loan associations, and credit unions. Not since the 1930s has there been a similar period of turmoil in these industries. The events of the 1980s have inspired a renewed interest in the causes and cost of financial institution failure and several questions that had seldom been asked in the post-World War II economics literature have resurfaced
  • Why do financial institutions fail?
  • What are the costs of their failure?
  • How do they differ from other firms and industries?
  • What are the implications for financial market regulation?
The Causes and Costs of Depository Institution Failures critically surveys and extends previous analyses of these questions.
Audience: Scholars and researchers in the areas of money and banking, financial institutions, and financial markets, as well as regulators and policymakers.


Bank Unions banking deregulation economics economy financial market financial markets institutions insurance moral hazard regulation research value-at-risk

Editors and affiliations

  • Allin F. Cottrell
    • 1
  • Michael S. Lawlor
    • 1
  • John H. Wood
    • 1
  1. 1.Wake Forest UniversityUSA

Bibliographic information

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