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  3. Journal of Economic Perspectives
  4. Winter 1992
  5. An Evaluation of the Treasury Plan for Banking Reform

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

An Evaluation of the Treasury Plan for Banking Reform

  • Frederic S. Mishkin
Journal of Economic Perspectives
vol. 6, no. 1, Winter 1992
(pp. 133–153)
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Abstract

The 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.

Citation

Mishkin, 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

JEL Classification

  • G21 Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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