The Impact of Economic Slowdowns on Financial Institutions and Their Regulators
April 17-19, 2002
A symposium jointly sponsored by the Federal Reserve
Bank of Boston and the Journal of Financial Intermediation
The 1990 recession had a significant impact on the financial landscape both in the United States and in the rest of the world. Large numbers of financial institutions failed, problems in the financial sector reduced credit availability to the real economy, and the recovery from the recession was unusually slow. Are future economic slowdowns likely to have a similar impact on the financial services industry? How are economic slowdowns likely to affect bank financial condition, bank risk management, and bank and financial holding company supervision?
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Papers and Presentations
Miguel Angel Segoviano
London School of Economics and Political SciencePhilip Lowe
Bank for International Settlements
“Procyclicality and the
New Basel Accord — Banks’ Choice of Loan Rating
System” (740K) 
Eva Catarineu-Rabell
Universitat Pompeu Fabra, Barcelona and Bank of EnglandPatricia Jackson and Dimitrios P. Tsomocos
Bank of England
“Economic Cycles and
Bank Health” (210K)
John Jordan and Eric Rosengren
Federal Reserve Bank of Boston
Anjan V. Thakor
University of Michigan
“Bank Deposit Insurance
and Business Cycles: Controlling the Volatility of Risk-Based
Premiums” (541K)
George G. Pennacchi
University of Illinois
“Loan Loss Provisioning
and Economic Slowdowns: Too Much Too Late?”
(215K)
Luc Laeven and Giovanni Majnoni
World Bank
“Loss Underreporting
and the Auditing Role of Bank Exams” (150K)
Jeffery W. Gunther and Robert R. Moore
Federal Reserve Bank of Dallas
“Equity and Bond Market
Signals as Leading Indicators of Bank Fragility”
(326K)
Reint Gropp, Jukka Vesala, and Giuseppe Vulpes
European Central Bank
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