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Economic Perspectives, Vol. 13, 4th, No. 6, November 1989
Full-blown crisis, half-measure cure

The new rescue bill provides some relief for S&Ls. Still needed to cure the ailing industry: Market-value accounting, risk-based deposit insurance, and market discipline on S&L management.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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