Advertisement

Stability in the US Financial System

  • Dimitri B. Papadimitriou
Part of the The Jerome Levy Economics Institute Series book series (JLEI)

Abstract

The essays in this volume attempt to fulfill a three-fold purpose: first, to review and analyze the success of the legislative package of the 1930s, including the Emergency Banking Act of 1933, the Banking Act of 1935 and other related legislation, which in combination produced the longest period of financial stability in the history of the United States, lasting 50 years or so, until the 1980s. An understanding of the events that led to those reforms may provide a parallel to the pressing issues presently facing the banking and financial system in the US.

Keywords

Financial System Mutual Fund Deposit Insurance Banking Regulation Banking Crisis 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Friedman, Milton and Anna J. Schwartz (1963) A Monetary History of the United States 1867–1960 (Princeton: Princeton University Press).Google Scholar
  2. Litan, Robert E. (1987) What Should Banks Do? (Washington, DC: The Brookings Institution).Google Scholar
  3. Minsky, Hyman P. (1957) ‘Central Banking and Money Market Changes’, Quarterly Journal of Economics (May) LXXI, 2.CrossRefGoogle Scholar
  4. Minsky, Hyman P. (1971) ‘Financial Instability Revisited’, Reappraisal of the Federal Reserve Discount Mechanism (Washington, DC: Federal Reserve Board) 3, 95–136.Google Scholar
  5. Minsky, Hyman P. (1993) ‘Introduction’, Public Policy Brief, The Jerome Levy Economics Institute, No. 5.Google Scholar
  6. Phillips, Ronnie (1993) ‘The “Chicago Plan” and New Deal Banking Reform,’ The Jerome Levy Economics Institute, Working Paper No. 76 (June) and Chapter 5, this volume.Google Scholar
  7. Pollock, Alex (1992) ‘Collateralized Money: An Idea Whose Time Has Come Again’, Challenge (September/October).Google Scholar
  8. Sellon Jr., Gordon H. (1988) ‘Restructuring the Financial System: Summary of the Bank’s Symposium’, Economic Review, Federal Reserve Bank of Kansas City (January).Google Scholar
  9. Tobin, James (1988) ‘The Case for Preserving Regulatory Distinctions’, in ‘Restructuring the Financial System’, Economic Review, Federal Reserve Bank of Kansas City (January).Google Scholar
  10. White, Eugene N. (1984) ‘A Reinterpretation of the Banking Crisis of 1930’, Journal of Economic History (March) XLIV, 1.CrossRefGoogle Scholar

Copyright information

© Dimitri B. Papadimitriou 1996

Authors and Affiliations

  • Dimitri B. Papadimitriou

There are no affiliations available

Personalised recommendations