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The U.S. Foreclosure Crisis: A Two-Pronged Assault on the U.S. Economy

Tatom, John A. - Networks Financial Institute, Scott College of Business - 2008

The U.S. mortgage loan foreclosure crisis has been called “the worst financial crisis since the great depression.” There are two distinct channels of influence of the subprime problem. The first is the rise in foreclosures that affects homeowners and the real estate industry most directly....

Persistent link: https://www.econbiz.de/10010817361

Financial Legislation: The Promise and Record of the Financial Modernization Act of 1999

Tatom, John A. - Networks Financial Institute, Scott College of Business - 2010

On November 12, 1999, President Clinton signed the most significant piece of financial services regulation to be enacted since the Great Depression, at least up to that time. When the Financial Service Modernization Act of 1999, better known as the Gramm-Leach-Bliley Act (GLBA), was signed, the...

Persistent link: https://www.econbiz.de/10010895727

Analyzing the Role for a Consumer Financial Protection Agency

Tennyson, Sharon - Networks Financial Institute, Scott College of Business - 2009

In the debate over the proposed establishment of a new Consumer Financial Protection Agency, much attention has been given to discussion of whether consumers are irrational or incompetent and therefore need paternalistic regulators to look after them, and whether inadequate consumer protection...

Persistent link: https://www.econbiz.de/10010817317

Unmet Duties in Managing Financial Safety Nets

Kane, Edward J. - Networks Financial Institute, Scott College of Business - 2009

firms and federal agencies for supervising securitization activity at commercial banks, investment banks, and government …

Persistent link: https://www.econbiz.de/10010817321

Regulation of Bank Management Compensation

VanHoose, David - Networks Financial Institute, Scott College of Business - 2010

the compensation of top managers at a number of U.S. banks. In addition, bank regulators have added evaluations of bank … management compensation into the determination of banks’ deposit insurance premiums. This policy brief surveys the academic …

Persistent link: https://www.econbiz.de/10010817322

Dodd-Frank and the Great Debate: Regulation vs. Growth

Whalen, R. Christopher - Networks Financial Institute, Scott College of Business - 2014

The history of regulation in America is as old as the republic itself. Since colonial times, Americans have struggled with the conflict between the desire for individual freedom and economic growth, and the need for rules and structure in a civil society. The evolution of the United States from...

Persistent link: https://www.econbiz.de/10010817325

Underwriting in Property-Casualty Insurance Markets: Regulation, Risk and Volatility

Phillips, Ronnie J.; Nickerson, David - Networks Financial Institute, Scott College of Business - 2011

We offer a novel explanation of underwriting volatility in propertyliability insurance markets in terms of private uncertainty over public regulatory policy. Underwriting involving random losses to policyholders is one source of risk to the equity value of insurance firms. Solvency regulations,...

Persistent link: https://www.econbiz.de/10010817343

Efficiency Determinants and Dynamic Efficiency Changes in Latin American Banking Industries

Hassan, M. Kabir; Sanchez, Benito - Networks Financial Institute, Scott College of Business - 2007

This paper investigates the dynamic and the determinants of banking industry efficiency in Latin America. Allocative, technical, pure technical and scale efficiencies are calculated and analyzed in each country. We find that Latin American bank managers have been using resources efficiently, but...

Persistent link: https://www.econbiz.de/10010817354

Internet Banking

VanHoose, David - Networks Financial Institute, Scott College of Business - 2009

regarding the fundamental motivations for banks to offer services via the Internet and for their customers to utilize the … services. It considers the experience of and future prospects for so-called "pure-play" Internet banks that conduct virtually … the Web has mainly been felt on the revenue or expense side of banks’ income statements. Furthermore, it examines recent …

Persistent link: https://www.econbiz.de/10010761810

Interest on Reserves: Implications for Banking and Policymaking

VanHoose, David - Networks Financial Institute, Scott College of Business - 2008

Federal Reserve to pay interest on reserves held at Federal Reserve banks beginning in October 2011. This upcoming policy … overdrafts of their reserve accounts at Federal Reserve banks. In addition, the authorization to pay interest on reserves …

Persistent link: https://www.econbiz.de/10010761819