This is a preview of subscription content, log in via an institution to check access.
References
Barth, James R., Bartholomew, Phillip F. and Bradley, Michael G. 1990. “Determinants of Thrift Institution Resolution Costs.”Journal of Finance, 45 (July), 731–754.
Benston, George J., Eisenbeis, Robert A., Horvitz, Paul M., Kane, Edward J. and Kaufman, George G. 1986.Perspective on Safe & Sound Banking. Cambridge, Mass.: MIT Press and the American Bankers Association.
Black, Fisher, Miller, Merton H. and Posner, Richard A. 1978. “An Approach to the Regulation of Bank Holding Companies.”Journal of Business 51 (March), 379–411.
Campbell, Tim S. 1988. “On the Optimal Regulation of Financial Guarantees.”Journal of Real Estate Finance and Economics, 1: 61–74.
Gale, William G. 1991. “The Federal Lending Debacle: How to Handle Freddy, Fanny, and Federal Agency Loan Programs.” Paper presented at a conference on “A Crisis in Values: Real Estate and the Financial System” sponsored by the National Taxpayers Union Foundation: Wash., D.C. (Feb. 11).
Gatti, James F. and Spahr, Ronald W. 1990. “Valuing the Implicit Government Guarantee of GSE Obligations: The Case of the Federal Home Loan Mortgage Corporation.” Burlington: University of Vermont (October 11).
Iden, George. 1990. “Contingent Liabilities of the Federal Government: Their Economic Effects and Budgetary Treatment.” Washington: U.S. Congressional Budget Office (December 30).
Jensen, Michael C. 1989. “Eclipse of the Public Corporation,”Harvard Business Review (September-October), 61–74.
Kane, Edward J. 1991a. “Economic Estimates of the 1986–1989 Time Profile of Taxpayer Losses in the S&L Insurance Mess.” Report (with Appendix by Min-Teh Yu) to Congressional Budget Office, Columbus: Ohio State University (February 18).
Kane, Edward J. 1991b. “Defective Political and Regulatory Incentives: Creating and Perpetuating the Deposit Insurance Mess.” In R.D. Brumbaugh and J. Stiglitz (eds.),Reform of Deposit Insurance and the Regulation of Depository Institutions in the 1990s: Setting the Agenda, Stanford U. Center for Economic Policy Research (forthcoming).
Kane, Edward J. and Foster, Chester. 1986. “Valuing Conjectural Guarantees of FNMA Liabilities.” InProceedings of a Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, pp. 347–368.
Levites, Jim B. 1990. “Mark-to-Market: Freddie Mac's Fourth Financial Statement.”Journal of Accountancy (October), 18–24.
Merton, Robert C. 1990. “The Financial System and Economic Performance.”Journal of Financial Services Research, 4 (December), 263–310.
Schwartz, Edwardo, and Van Order, Robert. 1988. “Valuing the Implicit Guarantee of the Federal National Mortgage Association.”Journal of Real Estate Finance and Economic, 1: 23–34.
Stanton, Thomas H. 1991.A State of Risk. New York: HarperBusiness.
U.S. General Accounting Office. 1990.Government-Sponsored Enterprises: The Government's Exposure to Risks, Report to Congress, GAO/GGD 90–97, Washington (Aug. 15).
Author information
Authors and Affiliations
Additional information
The author wishes to thank George Kaufman for helpful comments on an earlier draft presented at the conference “Capitalizing for the 90's,” whose sponsors authorize this printing. The ideas expressed are the author's own and should not be construed to be positions taken either by the NBER or by conference sponsors.
Rights and permissions
About this article
Cite this article
Kane, E.J. Corporate capital and government guarantees. J Finan Serv Res 5, 357–368 (1992). https://doi.org/10.1007/BF00114072
Issue Date:
DOI: https://doi.org/10.1007/BF00114072