Author: Catharine LemieuxPublisher:
ISBN:
Category : Bank failures
Languages : en
Pages :
Book Description
Market discipline prior to bank failure
Author: Catharine LemieuxPublisher:
ISBN:
Category : Bank failures
Languages : en
Pages :
Book Description
Market Discipline Prior to Failure
Author: Jagtiani JulapaPublisher:
ISBN:
Category : Bank management
Languages : en
Pages : 21
Book Description
Global Financial Development Report 2019/2020
Author: World BankPublisher: World Bank Publications
ISBN: 1464814961
Category : Business & Economics
Languages : en
Pages : 281
Book Description
Over a decade has passed since the collapse of the U.S. investment bank, Lehman Brothers, marked the onset of the largest global economic crisis since the Great Depression. The crisis revealed major shortcomings in market discipline, regulation and supervision, and reopened important policy debates on financial regulation. Since the onset of the crisis, emphasis has been placed on better regulation of banking systems and on enhancing the tools available to supervisory agencies to oversee banks and intervene speedily in case of distress. Drawing on ten years of data and analysis, Global Financial Development Report 2019/2020 provides evidence on the regulatory remedies adopted to prevent future financial troubles, and sheds light on important policy concerns. To what extent are regulatory reforms designed with high-income countries in mind appropriate for developing countries? What has been the impact of reforms on market discipline and bank capital? How should countries balance the political and social demands for a safety net for users of the financial system with potentially severe moral hazard consequences? Are higher capital requirements damaging to the flow of credit? How should capital regulation be designed to improve stability and access? The report provides a synthesis of what we know, as well as areas where more evidence is still needed. Global Financial Development Report 2019/2020 is the fifth in a World Bank series. The accompanying website tracks financial systems in more than 200 economies before, during, and after the global financial crisis (http://www.worldbank.org/en/publication/gfdr) and provides information on how banking systems are regulated and supervised around the world (http://www.worldbank.org/en/research/brief/BRSS).
Standard and Poor's Stock and Bond Guide
Author: Standard and Poor's CorporationPublisher: McGraw-Hill Companies
ISBN: 9780071398497
Category : Bonds
Languages : en
Pages : 0
Book Description
Provides data on stocks, bonds, mutual funds, and annuities, including year-end closing prices, earnings estimates, rankings, and debt ratings.
Market Discipline Across Countries and Industries
Author: C. E. V. BorioPublisher: MIT Press
ISBN: 9780262025751
Category : Business & Economics
Languages : en
Pages : 472
Book Description
Leading academics and policymakers address the theory of market discipline and consider evidence across different industries and countries. The effectiveness of market discipline -- the strong built-in incentives that encourage banks and financial systems to operate soundly and efficiently -- commands much attention today, particularly in light of recent accounting scandals. As government discipline, in the form of regulation, seems to grows less effective as the banking industry and financial markets grow more complex, the role of market discipline becomes increasingly important. In this collection, which grew out of a conference cosponsored by the Federal Reserve Bank of Chicago and the Bank for International Settlements in Basel, Switzerland, a diverse group of academics and policymakers address different aspects of the ability of market discipline to affect corporate behavior and performance. A major purpose of the book is to develop evidence on how market discipline operates across non-government regulated industries and in different countries, how successful it has been, and how it may transfer to a regulated industry. The chapters examine such topics as the theory of market discipline, evidence of market discipline in banking and other industries, evidence of market discipline for countries, the current state of corporate governance, and the interaction of market discipline and public policy.
Stumbling Blocks to Increasing Market Discipline in the Banking Sector
Author: Julapa JagtianiPublisher:
ISBN:
Category : Bonds
Languages : en
Pages : 33
Book Description
Do Depositors Discipline Banks and Did Government Actions During the Recent Crisis Reduce this Discipline? An International Perspective
Author: Allen N. BergerPublisher:
ISBN:
Category :
Languages : en
Pages : 43
Book Description
The recent financial crisis highlights the importance of both regulatory and market discipline. Government reactions to the crisis included expanding deposit insurance coverage and rescuing troubled institutions, including some institutions that might not otherwise be considered too important to fail. These actions may have the unintended consequence of a reduction in market discipline that might otherwise penalize banks for risk-taking behavior. Alternatively, market discipline may have increased during the crisis due to heightened awareness of the risks of bank failures. To address these issues, we first test for the presence of depositor discipline effects in the period leading up to the financial crisis in both the US and the EU. Second, we test whether depositor discipline decreased or increased during the crisis. We find significant depositor discipline prior to the crisis in both the US and EU, but this varies between the US and the EU as well as with banking organization size and with listed versus unlisted status. We also find that depositor discipline mostly decreased during the crisis, except for the case of small US banks.
Bank-based and Market-based Financial Systems
Author: Asl? Demirgüç-KuntPublisher: World Bank Publications
ISBN:
Category : Bancos
Languages : en
Pages : 73
Book Description
Mandatory Financial Disclosures and the Banking Sector
Author: Kumar DasguptaPublisher: Springer Nature
ISBN: 3031372123
Category : Business & Economics
Languages : en
Pages : 182
Book Description
This book explores mandatory disclosures. The book raises questions regarding the efficacy of market discipline and reaches a conclusion that seems to be borne out by the recent failure of Silicon Valley Bank and Credit Suisse. The book starts by asking the question why do we need mandatory disclosures. First, it develops a framework using a Principal-Agent model that provides an economic rationale for such disclosures. Second, it analyses the requirements outlined in Basel banking regulations over three decades and finds support for the propositions outlined in the developed framework in all key BCBS pronouncements. Last, the book empirically evaluates Pillar 3 disclosures and arrives at the surprising result that such disclosures do not seem have an impact on bond investors. The book concludes by outlining the policy implications regarding the design, efficacy, implementation, and limitations of regulation in an economy.
Author: