Growing concentration leads to “too big to failâ€

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Chapter 9 in All Fall Down, 2018, pp 64-70 from Edward Elgar Publishing

Abstract: Greater institutional and asset concentrations throughout the financial sector helped drive the process of restructuring. Reductions in the number of banks was largely due to regulators’ strategies in dealing with failing institutions from the 1980s through the 2008 crisis. Growth in concentration exacerbated the potential for one-way markets, increased the size of failures and their monetary and social costs, reduced sources of credit, and eroded the Federal Reserve’s ability to act as a stabilizing force.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2018
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