투자론 저축은행의 번성과 쇠퇴(영문)

투자론 저축은행의 번성과 쇠퇴(영문) [투자론] 저축은행의 번성과 쇠퇴(영문).ppt 목차 1. Circumstances From Prosperous past to Serious present 2. Reason Macro variables Micro variables Moral Hazards 3. Similar Kind of Crisis in Overseas : S&L Crisis 4. Conclusion Causes of S&L crisis in Korea Resolution & summary 본문 S&L organizations grew rapidly, as the generation of baby boomers started purchasing houses S&L banks asked Congress to remove restrictions of theirbusiness in order toexpand theirbusiness : Deregulation As the competition between S&L banks became severe,expanded business,they started to lend mortgage to the people with low credit rating Despite the increase of mortgage, no one was troubled as the price of houses continued to rise Problem developed when the government raised interest rates to contain inflation Paul Volcker of FRB led retrenchment policy, raising interest rate to up to 19% As a result, inflation rate of 13.5% (1981) plunged to 3.2%(1983) Therefore, steep increase of interest rate put people with housing loan unableto redeem their loan US government prosecuted 1800 executives ofbankrupted S&Ls Government also enacted ‘Financial Institution Reform, Recovery and Enforcement Act’ to persecute moral hazard Strong attitude of the administration convinced tax payers of spendingpublic fund to settle the discordant market 본문내용 on Macro variables Micro variables Moral Hazards 3. Similar Kind of Crisis in Overseas : S&L Crisis 4. Conclusion Causes of S&L crisis in Korea Resolution & summary * Characteristics Saving bank is a financial institution whose purpose is accepting Saving deposits *Federation of Savings bank (Mutual Savings Bank) It usually offers higher deposits interest rate than that of commercial bank But,