Regulatory Changes and Federal Mutual Thrift Behavior: Evidence from the 1980s

Sylvia C Hudgins and George Emir Morgan

Journal of Money, Credit and Banking, 1993, vol. 25, issue 4, 828-53

Abstract: This paper provides the first traditional microeconomic analysis of the effects of a deregulated environment as evidenced by federal mutual thrifts' shifts in portfolio composition. Empirical results for the early 1980s indicate that prior experience relating to nonhousing assets plays a substantial role in determining the extent to which expanded powers are employed. Evidence of a retrenchment away from expanded powers in the late 1980s and a much diminished explanatory power of the economic approach in the late 1980s suggest the late 1980s was not a period of deregulatory response by previously constrained firms in contrast with the early 1980s. Copyright 1993 by Ohio State University Press.

Date: 1993
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