The Federal Reserve Bank of Minneapolis: Decades of Depth in Too Big to Fail
Well before the Great Recession of 2008, leading economists and policy experts at the Federal Reserve Bank of Minneapolis paved the way in exploring the issue of TBTF. Former Bank President Gary Stern and current Executive Vice President and Senior Policy Advisor Ron Feldman were pioneers in publishing on the hazards of bank bailouts. Since the most recent bailouts of the Great Recession, Stern and Feldman continue to be TBTF thought-leaders.
Below is a sampling of critical publications authored by scholars from the Minneapolis Fed on this important topic.
Economic Policy Papers
A Proposal to Eliminate the Distortions Caused by Bailouts
January 5, 2016
Too Correlated to Fail
July 22, 2014
Assessing Community Bank Consolidation
February 6, 2014
The “Banks” We Do Need
January 7, 2013
What Assets Should Banks Be Allowed to Hold?
May 22, 2012
Speeches
Addressing the Too Big to Fail Problem
Gary Stern testimony before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington D.C., May 6, 2009
Better Late Than Never: Addressing Too-Big-To-Fail
Gary Stern, Washington D.C., March 31, 2009
Banking Policies and Too Big To Fail
Gary Stern, Minneapolis, Minnesota, March 26, 2009
Prospects for Macro- and Financial Policy
Gary Stern, St. Paul, Minnesota, February 5, 2009
Prospects for Macro- and Financial Policy
Gary Stern, Cedar Rapids, Iowa, January 14, 2009
Too Big to Fail: The Way Forward
Gary Stern, November 13, 2008
Policy and the Economy in the Wake of the Shock
Gary Stern, October 21, 2008
Limiting Spillovers Through Focused Supervision
From The Region, September 2008
Repercussions from the Financial Shock
Gary Stern, August 14, 2008
Moral Hazard and Bank Protection
Gary Stern, July 23, 2001
“Is Bank Regulation Necessary?” Conference Remarks
Gary Stern, October 27, 1999
Government Safety Nets and Banking System Stability
Gary Stern, March 11, 1998
Remarks at the FDIC Conference on Deposit Insurance
Gary Stern, January 29, 1998
Publications
Addressing the Trade-offs: Market Discipline, Stability and Communication
The Region, December 2007
Perspectives on Current Banking Issues
The Region, September 2006
Managing TBTF by Reducing Systemic Risk: Some Recent Developments
The Region, June 2006
Addressing TBTF When Banks Merge: A Proposal
The Region, September 2005
Book Excerpt—Too Big To Fail: The Hazards of Bank Bailouts
The Region, December 2003
Increased Use of Uninsured Deposits: Implications for Market Discipline
fedgazette, March 2001
Thoughts on Designing Credible Policies After Financial Modernization: Addressing Too Big to Fail and Moral Hazard
The Region, September 2000
Using Market Data to Manage Risk: The Potential of Financial Modernization
The Region, Special Issue 2000
A Response to Critics of Market Discipline
The Region, September 1999
Managing Moral Hazard With Market Signals: How Regulation Should Change With Banking
The Region, June 1999
Deposit Insurance: A Reconsideration
Working Paper Number 593, December 1998
When Should the FDIC Act Like Private Insurance Company?
The Region, September 1998
Market Discipline as Bank Regulator
The Region, June 1998
Deposit Insurance, Too Big To Fail and Small Banks
fedgazette, April 1998
Fixing FDICIA: A Plan to Address the Too Big to Fail Problem
1997 Annual Report Essay
The Too Big to Fail Problem
The Region, September 1997
A Modest Proposal for Meaningful Deposit Insurance Reform
The Region, September 1997
An Opportune Time for Deposit Insurance Reform
The Region, December 1996
Deposit Insurance: It's Time to Cage the Monster
fedgazette, April 1996
Is Deposit Insurance the Bankers' Faustian Bargain?
fedgazette, January 1995
Restoring the Fed as Lender of Last Resort
fedgazette, January 1992
The Alarming Costs of Preventing Bank Runs
fedgazette, April 1991
The S&L Crisis: Bad People or Bad Policy?
fedgazette, September 1990
Safeguards to the U.S. Banking System Should Not be Dismantled
The Region, June 1990
Can the Public be Trusted to Regulate Banks?
fedgazette, March 1990
A Case for Reforming Federal Deposit Insurance
1988 Annual Report Essay
Deposit Insurance Reform; or, Deregulation Is the Cart, Not the Horse
Quarterly Review, Spring 1983