References for Dismantling Series

Last updated: September 18, 2019

References

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Suzanna Andrews (1987). Does Glass-Steagall matter any more? Institutional Investor May 1987 pp. 168-78.

Eileen Appelbaum and Rosemary Batt (2016). Fees, Fees and More Fees: How Private Equity Abuses Its Limited Partners and U.S. Taxpayers. CEPR Report.

Baradaran, Mehrsa (2017). Color of Money. Harvard U Press.

Bennett, Barbara (1986). Off Balance Sheet Risk in Banking: The Case of Standby Letters of Credit, FRBSF Econ Review Winter 1986, pp. 19-29.

Boughton, James (2001). The Silent Revolution: The International Monetary Fund 1979-1989. IMF, Washington DC.

Brooks, Richard R. W., and Carol M. Rose. Saving the Neighborhood : Racially Restrictive Covenants, Law, and Social Norms, Harvard University Press, 2013.

Burns, Arthur (1974). Speech: Maintaining the Soundness of our Banking System. October 21, 1974.

Burns, Arthur (1977). Outline of Speech to Reserve City Bankers in Phoenix, Arizona. April 2, 1977.

Céline Choulet and Yelena Shulyatyeva (2016). History and major causes of US banking disintermediation. BNP Paribas Economic Research Report. January 2016.

Congressional Research Service 1987 Glass-Steagall Act: Commercial vs. Investment Banking, IB87061

Council of Economic Advisors (1981). Annual Report. US GPO: Washington DC.

Martha Derthick and Paul J. Quirk (2001). Politics of Deregulation, June 7, 2001 Brookings Institution Press

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Doris Dungey (2008). Reflections on Alt-A. Calculated Risk Blog. August 11, 2008, https://www.calculatedriskblog.com/2008/08/reflections-on-alt.html.

The Economist (1984). “Going International” in Central Banking Survey, p. 56. Sept 22, 1984. (This is page 126 of the whole issue, since the Central Banking Survey starts on page 71.)

Dominic Elliott (2016). Creation Story. Breaking Views, September 9 2016.

Charles Ellis (2008). The Parnership. Penguin Group, New York.

FDIC (1997a) Managing the Crisis: The FDIC and RTC Experience

FDIC (1997b). History of the Eighties – Lessons for the Future.

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FHLB Board (1934). FHLB Review November 1934, vol 1(2).

FRBNY (1978). Regulation D and Q: Proposed Exemption for Designated Internationa! Banking Facilities, Circular No. 8476, Dec 20, 1978.

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Federal Reserve Board of Governors (1997). Revenue Limit on Bank-ineligible Activities of Subsidiaries of Bank Holding Companies Engaged in Underwriting and Dealing in Securities, 61 Fed Reg 68750.

Federal Reserve Bulletin (1986). Amendment to Regulation G. March 72(3), pp. 195-97.

Federal Reserve Bulletin (1989). Order Approving Applications to Underwrite and Deal in Certain Securities to a Limited Extent and to Engage in Combined Investment Advisory and Securities Brokerage Activities, March 75(3) pp. 190-217.

Joshua Feinman (1993). Reserve Requirements: History, Current Practice, and Potential Reform. Federal Reserve Bulletin, June.

Martin Feldstein (1991). Introduction in Martin Feldstein ed. The Risk of Economic Crisis. Pp. 1 – 18. U Chicago Press.

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GAO 2000, CFTC and SEC: Issues related to the Shad-Johnson Jurisdictional Accord, GAO/GGD-00-89.

R. Alton Gilbert, Courtenay C. Stone and Michael E. Trebing (1985). The New Bank Capital Adequacy Standards. Federal Reserve Bank of St. Louis Review? May 1985.

Charles Goodhart (2011). The Basel Committee on Banking Supervision: A History of the Early Years, 1974–1997. Cambridge U Press: Cambridge.

Stanley M. Gorinson and Glenn B. Manishin, Garn-St Germain: A Harbinger Of Change, 40 Wash. & Lee L. Rev. 1313-1346 (1983)

Pierre-Olivier Gourinchas, Hélène Rey, & Maxime Sauzet (2019). The International Monetary and Financial System. NBER Working Paper 25782.

Michael Greenberger (2018). Too Big to Fail U.S. Banks’ Regulatory Alchemy: Converting an Obscure Agency Footnote into an “At Will” Nullification of Dodd-Frank’s Regulation of the Multi-Trillion Dollar Financial Swaps Market, INET Working Paper No. 74.

Alan Greenspan (1992). Speech. Putting FDICIA in perspective. Remarks at the 28th Annual Conference on Bank Structure and Competition. May 7, 1992.

Alan Greenspan (2004). Government-sponsored enterprises, testimony before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, February 24, 2004

Robert Guttman (1987). Changing of the Guard at the Fed. Challenge 30(5), Nov/Dec.

Thomas Hahn (1993). The Commercial Paper Market, in Instruments of the Money Market, edited by Timothy Q. Cook and Robert K. Laroche, 1993.

Tom Hanchett (2000). The Other “Subsidized Housing” Federal Aid To Suburbanization, 1940s – 1960s, in  John Bauman, Roger Biles and Kristin Szylvian, editors,  From Tenements to Taylor Homes: In Search of Urban Housing Policy in Twentieth Century America (University Park, Pennsylvania: the Pennsylvania State University Press, 2000), 163 – 179.

James Hawley (1984). “Protecting Capital from Itself: U.S. Attempts to Regulate the Eurocurrency System,” International Organization 38(1), 131-65.

Donald D. Hester  (1969). Financial Disintermediation and Policy, Journal of Money, Credit and Banking, Vol. 1, No. 3 (Aug., 1969), pp. 600-617.

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US HR (1984), Staff report to Subcommittee on Financial institutions, regulation and insurance of the Committee on Banking, finance and urban affairs. The financial performance of Continental Illinois Bank: A Chronology and Peer Group Comparison. September 17, 1984.

Evelyn M. Hurley (1977). The Commercial Paper Market, 63 Fed. Res. Bull. 525 (1977)

Daniel Immergluck, Private Risk, Public Risk: Public Policy, Market Development, and the Mortgage Crisis, 36 Fordham Urb. L.J., 447, (2009).

William Isaac (1984). The Role of Deposit Insurance in the Emerging Financial Services Industry, 1 Yale Journal on Regulation pp. 195-215

Jaretzki, Alfred 1941, The Investment Company Act of 1940. Washington U L R 26(3) pp. 303 – 47.

Joenvaara, Juha, Robert Kosowski, & Pekka Tolonen (2012). Revisiting ‘stylized facts’ about hedge funds, Imperial College Business School, Centre for Hedge Fund Research Working Paper 10.

Johnston, Oswald (1986). Fed OKs Rule to Restrict Use of ‘Junk Bonds’ : 3-2 Vote Goes Against Administration’s Stand. Los Angeles Times, Jan. 9 1986.

Òscar Jordà, Moritz Schularick, & Alan Taylor (2014). Betting the House. NBER Working Paper 20771.

Oscar Jorda, Moritz Schularick, Alan M. Taylor, & Felix Ward (2018). Global Financial Cycles and Risk Premiums. Federal Reserve Bank of San Francisco Working Paper 2018-05. https://doi.org/10.24148/wp2018-05

Ethan Kapstein (1994). Governing the global economy: international finance and the state. Harvard U Press: Cambridge.

Michael Keeley (1988). Bank Capital Regulation in the 1980s: Effective or Ineffective? Federal Reserve Bank of San Francisco Economic Review Winter 1988.

Michael Keeley & Frederick Furlong (1986). Are Banks Special? FRBSF Weekly Letter, July 18, 1986.

Kenneth Kettering (2007). Securitization and its Discontents, 29 Cardozo Law Rev. 1553

Kilborn, Peter (1985). The New Clash with Volcker. New York Times, Dec. 26 1985.

Kramer, Bruce & Gyan Sinha (2006). Bear Stearns Guide to Non-Agency Mortgage Backed Securities. September 2006.

Kreitner, Roy (2000). Speculations of Contract, or How Contract Law Stopped Worrying and Learned to Love Risk, 100 Colum. L. Rev. 1096.

Michael J. Lea, Innovation and the Cost of Mortgage Credit: A Historical Perspective, 7 Housing Pol’y Debate 147, 154-59 (1996).

James Lockhart III (2009). Speech at the American Securitization Forum, Feb. 9 2009.

Jean Lovati (1975). The Changing Competition Between Commercial Banks and Thrift Institutions for Deposits, Federal Reserve Bank of St. Louis (Review?) July 1975.

Clifton Luttrell (1972). The Hunt Commission Report – An Economic View, Federal Reserve Bank of St. Louis (Review?) June 1972.

J. Markham (2010), ‘The subprime crisis—A test match for the bankers: Glass-Steagall vs. Gramm-Leach-Bliley’, University of Pennsylvania Journal of Business Law 12, pp. 1081 – 1134.

Martin Mayer (1974). The Bankers. Ballantine, New York.

Martin Mayer (1997). The Bankers: the Next Generation. Truman Talley Books, New York.

Patricia McCoy, Andrey Pavlov & Susan Wachter (2009). Systemic Risk Through Securitization: The Result of Deregulation and Regulatory Failure, 41 Connecticut Law Review 4: 493.

Milgrom, Grace (1993). A Chronology of Housing Legislation and Selected Executive Actions 1892-1992, CRS Report 103-2.

David Min, Sturdy Foundations: Why Government Guarantees Reduce Taxpayer Risk in Mortgage Finance (Working paper: 2012).

Moody’s Investor Services (1997). Understanding Structured Liquidity Facilities in Asset-Backed Commercial Paper Programs.

Ramon Moreno (1992). Pegging, Floating, and Price Stability: Lessons from Taiwan, FRBSF Weekly Letter, No 92-31, Sept. 11 1992.

Michael Moskow (2005). Speech: The Art of the Loan in the 21st Century Conference Summary. May 6, 2005.

Timothy Naegele (1976). Letter to Senator William Proxmire date August 12, 1976 in re Standby letters of credit. (Part of the documents supporting the Hearings).

Nathaniel Nash (1987). Treasury now favors creation of huge banks. New York Times, June 7 1987.

Niekirk, William (1986). Reagan gets chance at new Fed vacancy. Chicago Tribune, Oct. 3 1986.

Nomura Fixed Income Research (2006). MBS Basics. March 31 2006.

William Ogden (1979). Statement of Chase Manhattan National Bank CFO to The Eurocurrency market control act of 1979 : hearings before the Subcommittee on Domestic Monetary Policy and the  Subcommittee on International Trade, Investment, and Monetary Policy of the Committee on Banking, Finance, and Urban Affairs, House of Representatives. June 26, 27 and July 12, 1979.

Thomas Philippon (2015). Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation. American Economic Review 2015, 105(4): 1408-1438. http://dx.doi.org/10.1257/aer.20120578

Thomas Philippon (2012). Finance vs. Wal-Mart: Why are Financial Services so Expensive? in Alan S. Blinder, Andrew W. Lo, and Robert M. Solow ed. Rethinking the Financial Crisis. Russell Sage, New York.

President’s Commission on Financial Structure and Regulation (1972). Report. Washington D.C.

President’s Commission on Housing (1982). Report. Washington D.C.

Sarah Quinn, Did the farm credit system change Americans’ thinking about credit? Institute for New Economic Thinking Blog, Nov. 7, 2016, https://www.ineteconomics.org/perspectives/blog/did-the-farm-credit-system-change-americans-thinking-about-credit

Dave Ramsden (2019). Speech at the Inverness Chamber of Commerce. Resilience: Three lessons from the financial crisis. May 30, 2019.

Schuler, Kurt (2004). Tables of Modern Monetary History: Asia, www.dollarization.org, Feb 29, 2004.

Schumpeter (1939). Business cycles.

SEC, Report on the Review of the Definition of Accredited Investor, Dec 18 2015, p. 11.

L. William Seidman 1993 Full Faith and Credit: The Great S & L Debacle and Other Washington Sagas

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U.S. Senate (1982) Conference Committee Report on Garn St Germain Depository Institutions Act of 1982, Report No. 97-641.

Andrei Shleifer and Lawrence H. Summers, 1988. Breach of Trust in Hostile Takeovers in Corporate Takeovers: Causes and Consequences, Alan J. Auerbach, ed., University of Chicago Press

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Carolyn Sissoko (2010). The Legal Foundations of Financial Collapse, 2 Journal of Financial Economic Policy 5.

Carolyn Sissoko (2013). Note: Is Financial Regulation Structurally Biased to Favor Deregulation, Southern California Law Review (2013) 86:365-420.

Carolyn Sissoko (2016). How to stabilize the banking system: lessons from the pre-1914 London money market, Financial History Review 23(1), 1 – 20.

Carolyn Sissoko (2017). The Plight of Modern Markets: How Universal Banking Undermines Capital Markets, Economic Notes, 46(1), pp. 53–104.

David E. Spiro (1999). The Hidden Hand of American Hegemony: Petrodollar Recycling and International Markets. Cornell University Press.

Gary H. Stern, Ron J. Feldman (2004). Too Big To Fail: The Hazards of Bank Bailouts,Brookings Institution Press, Washington, DC.

Marcia Stigum & Anthony Crescenzi (2007). Stigum’s Money Market. McGraw-Hill: New York.

Strange, Susan (1976). International economic relations of the Western world 1959-71. Oxford U Press: London.

Time Magazine (1969). Wall Street: Buying a Share of the Broker May 30 1969.

James Tobin (1963). Commercial Banks as Creators of “Money,” Cowles Foundation Paper 205. Reprinted from Dean Carson (ed.), Banking and Monetary Studies, for the Comptroller of the Currency, U.S. Treasury, Richard D. Irwin.

Tim Todd (2012). The Balance of Power: The Political Fight for an Independent Central Bank 1790 – present. Federal Reserve Bank of Kansas City.

Paul Volcker (1979a). Testimony to the Senate Committee on Banking, Housing, and Urban Affairs. July 30, 1979.

Paul Volcker (1979). Statement Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, September 26, 1979.

Paul Volcker (1980). Speech: The Recycling Problem Revisited. March 1, 1980.

Volcker & Angell (1987) Dissenting Statement. Federal Reserve Bulletin May 1987 352-53.

Henry Wallich (1981). Speech. LDC debt – to worry or not to worry. June 2 1981.

Dennis Weatherstone (1979a). Statement of Morgan Guaranty Trust Vice-Chairman to The Eurocurrency market control act of 1979 : hearings before the Subcommittee on Domestic Monetary Policy and the  Subcommittee on International Trade, Investment, and Monetary Policy of the Committee on Banking, Finance, and Urban Affairs, House of Representatives. June 26, 27 and July 12, 1979.

Dennis Weatherstone (1979a). Statement of Morgan Guaranty Trust Vice-Chairman to International financial conditions : hearings before the Subcommittee on International Finance of the Committee on Banking, Housing, and Urban Affairs, United States Senate. Dec 12 and 14, 1979.

Ari Weinberg (2004). Countrywide Branches Out Beyond Mortgages. Forbes April 16, 2004.

Marc A. Weiss, Market and Financing Home Ownership: Mortgage Lending and Public Policy in the United States, 1918-1989, 18 Bus. & Econ. Hist. 110, 111-12 (1989).

Knut Wicksell, Interest and Prices (R.F. Kahn transl., 1898).

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Devon Zuegel (2018), Financing Suburbia: How government mortgage policy determined where you live https://medium.com/@devonmarisa/financing-suburbia-6076dae990f8

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