Background
Kane, Edward James was born on June 30, 1935 in Washington, District of Columbia, United States. Son of Edward Anthony and Mary Agnes (Kerwin) Kane.
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book
The Gathering Crisis in Federal Deposit Insurance (Regulation of Economic Activity)
(The system of federal deposit insurance adopted during th...)
The system of federal deposit insurance adopted during the 1930s has become increasingly costly and unreliable. This timely study warns bankers, regulators, politicians, and taxpayers that no matter how well the deposit-insurance system may have run in the past it is headed for an expensive bureaucratic breakdown. It forcefully argues that unless market discipline can be reintroduced, this breakdown threatens to take depository institutions into de facto nationalization. Reversing these trends, it points out, requires redesigning the deposit insurance system to curtail the subsidizing of risk taking by deposit institutions, a practice that has resulted in widespread insolvency among financial institutions. The Gathering Crisis in Federal Deposit Insurance provides more than a warning. It shows that the current system is unfair and has transformed the federal government into the chief supplier of equity funds to depository institutions. And it observes that whenever the financial environment is changing rapidly, the existing system of deposit insurance subsidizes risk-taking in ways that impose a huge, but largely unrecognized burden on the general taxpayer and conservatively managed financial institutions. In one way or another, the taxpayer is going to be called upon to make good the financially staggering amount of the system's guarantees. The book provides a comprehensive discussion of FDIC and FSLIC policies and procedures, describes the variety of risks facing deposit institutions and their implications for the insurance system, explains the perverse risk-bearing incentives inherent in the current deposit insurance system, documents the extent of actual insolvency at insured institutions, and proposes a framework for reform. Edward J. Kane is Everett Reese Professor of Banking and Monetary Economics, The Ohio State University. The Gathering Crisis in Federal Deposit Insurance is eleventh in the series, Regulation of Economic Activity, edited by Richard Schmalensee.
http://www.amazon.com/gp/product/0262111020/?tag=2022091-20
- Economic Statistics and Econometrics; an Introduction to Quantitative Economics (An Introduction to Quantitative Economics 4to - over 9¾&#...)
- Perspectives on Safe and Sound Banking: Past, Present, and Future (Regulation of Economic Activity) (Banking is now, and always has been, a risky business. Th...)
Edward James Kane
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Edward James Kane, American economics educator. Member American Finance Association (president 1979, director 1978-1981), American Economics Association, American Statistical Association, Econometric Society, National Tax Association, Tax Institute American, American Real Estate and Urban Economics Association, Midwestern Economics Association (1st vice president 1982-1983), Association for Social Economics (trustee since 1991), Phi Beta Kappa.
Education
Bachelor of Science, Georgetown University, 1957. Doctor of Philosophy, Massachusetts Institute of Technology, 1960.
Career
Research assistant Federal Reserve Board, 1958, 59. Assistant professor economics Iowa State University, Ames, 1960-1961, Princeton University, 1961-1966. Associate professor, then professor economics Boston College, 1966-1972.
Everett D. Reese professor banking and monetary economics Ohio State University, Columbus, 1972-1992. James F. Cleary professor finance Boston College, Chestnut Hill, Massachusetts, since 1992. Visiting professor Istanbul University, Turkey, 1966, Simon Fraser University, British Columbia, Canada, 1971, Arizona State University, 1989, Deakin University, Australia, 1994.
Visiting scholar University Arizona, since 1991. Economist Federal Reserve Bank Boston, 1967-1972, Federal Reserve Bank San Francisco, 1975, Federal Home Loan Bank Board, 1972-1973, Federal Deposit Insurance Corporation, 1975-1976, United States Congress Joint Economic Committee, 1978-1980, Office Technology Assessment, 1982-1984, Congressional Budget Office, 1989-1991, Federal Home Loan Mortgage Corporation, 1983-1984, United States General Accounting Office, 1984-1987, Urban Institute, 1988-1991, World Bank, 1988-1989, 92—. Member Shadow Finance Regulatory Committee, since 1986.
Trustee, member finance committee Teachers Insurance and Annuity Association American, 1975-1987. Member committee examiners for advanced economics test Educational Testing Service, 1974-1977. Research associate National Bureau Economic Research, since 1979.
Achievements
Works
book
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The Gathering Crisis in Federal Deposit Insurance (Regulation of Economic Activity)
(The system of federal deposit insurance adopted during th...)
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Economic Statistics and Econometrics; an Introduction to Quantitative Economics
(An Introduction to Quantitative Economics 4to - over 9¾" ...)
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Perspectives on Safe and Sound Banking: Past, Present, and Future (Regulation of Economic Activity)
( Banking is now, and always has been, a risky business. ...)
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The Gathering Crisis in Federal Deposit Insurance (Regulation of Economic Activity)
Membership
Member American Finance Association (president 1979, director 1978-1981), American Economics Association, American Statistical Association, Econometric Society, National Tax Association, Tax Institute American, American Real Estate and Urban Economics Association, Midwestern Economics Association (1st vice president 1982-1983), Association for Social Economics (trustee since 1991), Phi Beta Kappa.
Connections
Married Gloria Nancy Verdi, August 27, 1959. Children– Laura, Stephen, Edward.
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Born
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Nationality
American -
Religion
Roman Catholic
Education
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1957
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1960
Career
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1958
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1960 - 1961
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1961 - 1966
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1966 - 1972
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1966 - 1972
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1972 - 1992
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1992
Awards
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Recipient Alumni Distinguished Teaching award Ohio State University, 1981, Outstanding Research award Ohio State University College Administrative Science, 1981. Goodyear Corporation fellow, 1958-1959, Harold Stonier Foundation fellow, 1959-1960, Procter & Gamble Corporation fellow, 1962-1963, Guggenheim Foundation fellow, 1969-1970. William Paterson preceptorship, 1964-1966. National Science Foundation grantee, 1965-1966, 67-69, 71-72, 72-74.Recipient Alumni Distinguished Teaching award Ohio State University, 1981, Outstanding Research award Ohio State University College Administrative Science, 1981. Goodyear Corporation fellow, 1958-1959, Harold Stonier Foundation fellow, 1959-1960, Procter & Gamble Corporation fellow, 1962-1963, Guggenheim Foundation fellow, 1969-1970. William Paterson preceptorship, 1964-1966.
National Science Foundation grantee, 1965-1966, 67-69, 71-72, 72-74.