Thomas F. Cargill

The effect of changes in reserve requirements during the 1930s : the evidence from a comparison of member and nonmember banks (2003)

Cargill, Thomas F., Mayer, Thomas

Despite the widespread acceptance of Friedman and Schwartz?s interpretation of the effect of the 1936-37 increase in bank reserve requirements there is surprisingly little straightforward evidence on...

DEPOSIT GUARANTEES AND THE BURST OF THE JAPANESE BUBBLE ECONOMY (1996)

CARGILL, THOMAS F., HUTCHISON, MICHAEL M., ITO, TAKATOSHI

This paper examines the current status of deposit guarantees in Japan and how they have functioned during the burst of the bubble economy in the first half of the 1990s. During this period, the...

U.S. DEPOSIT INSURANCE REFORM (1992)

CARGILL, THOMAS F., MAYER, THOMAS

Congress, late in 1991, enacted a banking reform measure that (i) authorizes $70 billion of additional FDIC funding, (ii) enhances bank regulation and supervision, and (iii) adopts a “trip...

Postal savings in Japan and mortgage markets in the U.S.

Thomas F. Cargill, Hal S. Scott

Financial system redesign has become high political drama in Japan. In August, 2005, Prime Minister Koizumi's plan to privatize Japan's huge postal savings and life insurance system (PSS) was...

Japan's new prime minister and the Postal Savings System

Thomas F. Cargill, Naoyuki Yoshino

This Economic Letter discusses the economics and politics of the PSS from both a historical and a forward-looking perspective. How Japan deals with the PSS and its associated institutions will reveal...

A tale of two financial reforms

Thomas F. Cargill

Financial institutions ; Financial institutions - Japan

Financial reform in the United States and Japan: a comparative overview

Thomas F. Cargill

Financial institutions ; Financial institutions - Japan ; Japan

Central bank capital, financial strength, and the Bank of Japan

Thomas F. Cargill

This Economic Letter addresses central bank capital and financial strength in the context of Bank of Japan policy (Cargill 2005). Specifically, it reviews general considerations about central bank...

A tale of two monetary policies: Korea and Japan

Thomas F. Cargill

In most countries' experience, the course of financial liberalization—much like the course of true love in Shakespeare—"never did run smooth." The process of reforming an economy from one where...

U.S. financial reform: historical perspective

Thomas F. Cargill

Banking law ; Banks and banking - History

Japan's financial reform

Thomas F. Cargill

Japan ; Financial institutions - Japan

Is competitive banking stable?

Thomas F. Cargill

Bank competition ; Bank supervision

A new direction for Japan

Thomas F. Cargill, Ramon Moreno

Economic policy - Japan ; Japan ; International trade - Japan

Japanese monetary policy, flow of funds, and domestic financial liberalization

Thomas F. Cargill

Japan ; Monetary policy - Japan ; Financial institutions - Japan ; Flow of funds

Japanese monetary policy, flow of funds and financial liberalization

Thomas F. Cargill

Japan ; Monetary policy - Japan ; Financial institutions - Japan

The Effect of Changes in Reserve Requirements During the 1930s: The Evidence from Nonmember Banks

CARGILL, THOMAS F., MAYER, THOMAS

Despite the widespread acceptance of Friedman and Schwartz s interpretation of the 1936 37 increase in member bank reserve requirements as the major cause of the 1937 38 recession there is...

Japan's Deflation: A Time-Inconsistent Policy in Need of an Inflation Target*

Thomas F. Cargill, Federico Guerrero

The Japanese economy experienced a ten-year period of deflation between 1995 and 2005, an experience that has been unprecedented among industrial economies since the Great Depression of the 1930s....

Asian finance and the role of bankruptcy

Thomas F. Cargill, Elliott Parker

The degree to which bankruptcy is permitted to play a role in the allocation of capital is a key distinction between the Asian state-directed financial regime and the Western market-directed version....

Japanese banking and corporate finance in transition

Thomas F. Cargill, Shoichi Royama

Banks and banking - Japan ; Japan ; Corporations - Finance

Lessons from financial crisis: the Japanese case

Thomas F. Cargill, Michael M. Hutchison, Takatoshi Ito

Financial crises - Japan ; Bank failures ; Banks and banking - Japan ; Japan

Political Business Cycles with Endogenous Election Timing: Evidence from Japan.

Cargill, Thomas F, Hutchison, Michael M

This paper empirically investigates the political business cycle hypothesis for Japan, taking into account the potential two-way interaction that originates from the control (within certain...

Deposit Guarantees and the Burst of the Japanese Bubble Economy.

Cargill, Thomas F, Hutchison, Michael M, Ito, Takatoshi

This paper examines the current status of deposit guarantees in Japan and how they have functioned during the burst of the bubble economy in the first half of the 1990s. During this period, the...

Implementing Economics Standards: A Pilot Transition Program

Thomas F. Cargill, Jeanne Wendel, Jennifer Jurosky

Most states have adopted high school economics standards, but implementation efforts face two hurdles: evidence indicates that five or six college-level economics courses are needed for high school...

U.S. DEPOSIT INSURANCE REFORM

THOMAS F. CARGILL, THOMAS MAYER

Congress, late in 1991, enacted a banking reform measure that (i) authorizes $70 billion of additional FDIC funding, (ii) enhances bank regulation and supervision, and (Hi) adopts a "trip wire"...

DEPOSIT GUARANTEES AND THE BURST OF THE JAPANESE BUBBLE ECONOMY

THOMAS F. CARGILL, MICHAEL M. HUTCHISON, TAKATOSHI ITO

This paper examines the current status of deposit guarantees in Japan and how they have functioned during the burst of the bubble economy in the first half of the 1990s. During this period, the...

The Political Economy of Japanese Monetary Policy

Thomas F. Cargill, Michael M. Hutchison, Takatoshi Ito

In The Political Economy of Japanese Monetary Policy, Cargill, Hutchison, and Takatoshi investigate the formulation and execution of monetary and financial policies in Japan within a broad technical,...

Financial Policy and Central Banking in Japan

Thomas F. Cargill, Michael M. Hutchison, Takatoshi Ito

Japan's financial institutions and policy underwent remarkable change in the past decade. The country began the 1990s with a heavily regulated financial system managed by an unchallenged Ministry of...

Japan Since 1980

Cargill,Thomas F., Sakamoto,Takayuki

An analysis of the performance of Japan’s economic and political institutions from late 1970s to 2007. The authors explain how Japan’s flawed response to new economic, political, and...

Japan Since 1980

Cargill,Thomas F., Sakamoto,Takayuki

An analysis of the performance of Japan’s economic and political institutions from late 1970s to 2007. The authors explain how Japan’s flawed response to new economic, political, and...

THE EFFECT OF CHANGES IN RESERVE REQUIREMENTS DURING THE 1930s:

Thomas Mayer, Thomas F. Cargill

The differential response of cash reserves of member banks and nonmember banks not subject to the 1936-37 increase in reserve requirements is estimated to determine whether the 1937-38 recession was...

THE EFFECT OF CHANGES IN RESERVE REQUIREMENTS DURING THE 1930s:

Thomas Mayer, Thomas F. Cargill

The differential response of cash reserves of member banks and nonmember banks not subject to the 1936-37 increase in reserve requirements is estimated to determine whether the 1937-38 recession was...