Abstract
This paper describes the causes of the collapse of the Penn Square Bank in 1982, and the flow on effects to the US financial system - that is, it examines the systemic risk factors. The paper makes comparisons to the current US banking crisis, and in particular points out the similaritis between Penn Square and Indymac.
| Original language | English |
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| Title of host publication | 2009 Biennial Convention of the Institute of Actuaries of Australia |
| Subtitle of host publication | Go for Gold |
| Place of Publication | Sydney |
| Publisher | Institute of Actuaries of Australia |
| Number of pages | 59 |
| Publication status | Published - 2009 |
| Event | Convention of the Institute of Actuaries of Australia - Perth Duration: 19 Apr 2009 → 22 Apr 2009 |
Conference
| Conference | Convention of the Institute of Actuaries of Australia |
|---|---|
| City | Perth |
| Period | 19/04/09 → 22/04/09 |
Keywords
- systemic risk
- macroprudential regulation
- banking failure