Market Discipline
Divergence of risk indicators and the conditions for market discipline in banking
... of market discipline in banking have often been assessed empirically by focusing on the monitoring aspect of market discipline – that is, the extent to which prices on banks’ securities ...
62
Capital Controls: Mud in the Wheels of Market Discipline
... increasing market discipline and integration with global financial markets, removing capital controls can increase a country’s vulnerability to banking and currency ...
24
Market Discipline at Thai Banks before the Asian Crisis
... The results in our paper show that depositor funds are responsive to bank-specific measures of risk. This characterizes what we call market discipline, which is also consistent with the results of other ...
14
The End of Market Discipline? Investor Expectations of Implicit Government Guarantees
... the market that the government may provide a bailout is commonly referred to as an implicit guarantee; implicit because the government does not have any explicit, ex-ante commitment to ...guarantee, market ...
59
Global Evaluation of Contingent Convertibles: Testing for Evidence of Market Discipline in the CoCo Market
... The Global Financial Crisis (GFC) of 2007-2009 revealed weaknesses in national and international financial oversight and resolution frameworks (Pazarbasioglu, Zhou, Leslé and Moore, 2011). In particular, governments in ...
105
Bank Regulation and Market Discipline around the World
... reduce market discipline on banks by ...on market discipline are mixed, depending on the measure of bank risk and the esti- mation ...and market discipline, suggesting that ...
38
Market discipline: a review of the Mexican deposit market
... about market discipline induced by depositors in Latin American ...of market discipline in the deposit market, despite the existence of deposit ...exert discipline in ...
33
Bank Regulation and Market Discipline around the World
... on market discipline among policy makers, its effectiveness has not been well examined ...of market discipline in the ...conditions market discipline works ...depositor ...
73
Corporate governance, market discipline, and productivity growth
... While the Arellano-Bond approach can in principle deal with potential endogeneity problems in our application, there is a caveat. Blundell and Bond (1998) show that in autoregressive models with persistent series, the ...
46
The Impact of Explicit Deposit Insurance on Market Discipline
... This paper contributes to a small but growing literature that investigates empirically the effects of deposit insurance on market discipline. In particular, drawing from the U.S. S&Ls crisis, the ...
41
Debt priority structure, market discipline, and bank conduct
... Corporate finance theory provides the key argument behind the influencing dimension of market discipline. Dewatripont and Tirole (1994) and Tirole (2006) posit debtholders who receive negative signals about ...
63
Financial Market Discipline in Early 20th Century Mexico
... Market discipline is an important ingredient in the design of optimal arrange- ments for supervision and prudential regulation of the banking ...enabling market discipline may have several ...
23
The Bail-in Beyond Unpredictability: Creditors’ Incentives and Market Discipline
... The article is structured as follows: Sect. 2 defines market discipline in the con- text of banks relying on the relevant economic theories and their regulatory implica- tions. Section 3 discusses the ...
40
Monitoring matters:debt seniority, market discipline and bank conduct
... As a result, claims on failed state-chartered banks in states that previously did not have depositor preference and claims on nationally-chartered banks now also had priority above those of general creditors. National ...
48
Market discipline and the use of government bonds as collateral in the EMU
... via market discipline could be again the focus of ...For market discipline to work, no restrictions should hinder the pricing of government bonds by the ...governments, market ...
34
Critical import supply elasticities and the ‘imports as market discipline’ hypothesis
... of market power held by domestic firms – referred to as the ‘imports-as-market-discipline’ hypothesis – has interested industrial economists for some ...domestic market may play an important ...
25
Banking Crises and Market Discipline in Indonesian Banking Industry
... towards market discipline in ...is market discipline; while bank risks are the independet variables (insolvency, liquidity, and credit ...average market discipline weakens after ...
11
Financial liberalization, market discipline and bank risk
... depositor discipline, as is sometimes argued, we posit that they are likely to expect the discipline will occur (if it occurs) most strongly and painfully in periods of systemic bank ...for market ...
34
Does Subordinated Debt Discipline Banks? Empirical Evidence of Market Discipline in Europe
... of market discipline, my empirical results contribute to the discussion about the sensitivity of subordinated debt instruments to bank ...Thirdly, market participants are well-aware of different risk ...
13
Russian banks´ private deposit interest rates and market discipline
... suggest market discipline in the Russian banking system involves Russian deposi- tors demanding higher deposit interest rates from banks with risky financial ...This discipline seems stronger than in ...
30