کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
999328 936807 2006 25 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Market discipline in international banking regulation: Keeping the playing field level
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد، اقتصادسنجی و مالیه (عمومی)
پیش نمایش صفحه اول مقاله
Market discipline in international banking regulation: Keeping the playing field level
چکیده انگلیسی

The focus of this article is the debt market as a powerful disciplinarian source for large and complex banking organizations around the world. We empirically study the interactions between reinforcing banks’ market discipline and preserving a level playing field in international banking. Our approach consists of conducting cross-country comparisons of the secondary market prices sensitivity to market measures of bank risk (traditional and financial strength ratings). The results are generally consistent with the market discipline paradigm. However, much progress still needs to be made (especially in Japan and certain European countries) in order to make the level playing field principle compatible with the reinforcement of market discipline on an international level.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Financial Stability - Volume 2, Issue 3, October 2006, Pages 286–310
نویسندگان
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