Stability in the Financial System

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Stability in the Financial System is written by Dimitris Papadimitriou and published by Springer. It's available with International Standard Book Number or ISBN identification 1349247677 (ISBN 10) and 9781349247677 (ISBN 13).

The S&L crisis of the 1990s has given many a reason to review the events which led to a (in many ways) similar banking crisis sixty years ago, and the subsequent legislation of the Emergency Banking Act, the Banking Act of 1933, the Banking Act of 1935, and other related legislation. The reconstituted financial structure produced the longest period of financial stability in the US history, lasting one-half of a century. The book has two goals: provide an understanding of the reasons the banking reforms enacted in the 1930s were so successful; and present a set of policy proposals which offer the institutional provisions for both the financing of the capital development of the economy, and a safe payments system.