An Evaluation of the Treasury Plan for Banking Reform
- (pp. 133-153)
AbstractThe Treasury plan for banking reform--Modernizing the Financial System: Recommendations for Safer More Competitive Banks--was released on February 5, 1991 (U.S. Treasury, 1991), and has a stated purpose of promoting a safe, sound, and competitive banking system. It contains recommendations for the most thorough overhaul of the banking regulatory system since the Great Depression. This paper provides a framework for understanding the U.S. banking regulatory system and how it has produced the current crisis in the banking industry, and uses this analysis to evaluate the Treasury plan.
CitationMishkin, Frederic S. 1992. "An Evaluation of the Treasury Plan for Banking Reform." Journal of Economic Perspectives, 6 (1): 133-153. DOI: 10.1257/jep.6.1.133
- G21 Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages