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The Effect Of Deposit Insurance On Market Discipline
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Book Synopsis The Effect of Deposit Insurance on Market Discipline by : Alexei Karas
Download or read book The Effect of Deposit Insurance on Market Discipline written by Alexei Karas and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We explore how the introduction of explicit deposit insurance affects deposit flows into and out of banks of varying risk levels. Using evidence from a natural experiment in Russia, we employ a difference-in-difference estimator to isolate the change in the deposit flows of a newly insured group (households) relative to an uninsured “control” group (firms). This approach improves on earlier studies seeking to identify the effect of deposit insurance on market discipline. We find that the relative sensitivity of households to bank capitalization diminished markedly with the introduction of an insurance program covering their deposits. This was not true for firms, however. We then show the finding is not an artifact of the two groups responding differently to a minor banking crisis that arose at roughly the same time.
Book Synopsis The Impact of Explicit Deposit Insurance on Market Discipline by : Vasso P. Ioannidou
Download or read book The Impact of Explicit Deposit Insurance on Market Discipline written by Vasso P. Ioannidou and published by . This book was released on 2006 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Global Financial Development Report 2019/2020 by : World Bank
Download or read book Global Financial Development Report 2019/2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-22 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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).
Author :United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher : ISBN 13 : Total Pages :1496 pages Book Rating :4.F/5 ( download)
Book Synopsis Deposit Insurance Reform and Related Supervisory Issues by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Download or read book Deposit Insurance Reform and Related Supervisory Issues written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1986 with total page 1496 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modis written by Ms.Edda Zoli and published by International Monetary Fund. This book was released on 2002-12-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that an optimal deposit insurance scheme would allow the level of insurance coverage to be determined by the market. Based on this principle, the paper proposes an insurance scheme that minimizes distortions and embodies fairness and credibility, two essential characteristics of a viable and effective deposit insurance scheme. Using a simple model for the determination of the optimal level of insurance coverage, it is shown that the optimal coverage is higher for developing compared to developed countries; a condition that is broadly satisfied by prevailing deposit insurance practices around the world.
Author :United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee Publisher : ISBN 13 : Total Pages :334 pages Book Rating :4.0/5 ( download)
Book Synopsis Deposit Insurance Issues and Depositor Discipline by : United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee
Download or read book Deposit Insurance Issues and Depositor Discipline written by United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee and published by . This book was released on 1991 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Do Depositors Punish Banks for Bad Behavior? Market Discipline, Deposit Insurance, and Banking Crises by : Maria Soledad Martinez Peria
Download or read book Do Depositors Punish Banks for Bad Behavior? Market Discipline, Deposit Insurance, and Banking Crises written by Maria Soledad Martinez Peria and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically investigates two issues largely unexplored by the literature on market discipline. We evaluate the interaction between market discipline and deposit insurance and the impact of banking crises on market discipline. We focus on the experiences of Argentina, Chile, and Mexico during the 1980s and 1990s. We find that depositors discipline banks by withdrawing deposits and by requiring higher interest rates. Deposit insurance does not appear to diminish the extent of market discipline. Aggregate shocks affect deposits and interest rates during crises, regardless of bank fundamentals; while investors' responsiveness to bank risk taking increases in the aftermath of crises.
Book Synopsis A Briefing Paper on Deposit Insurance by :
Download or read book A Briefing Paper on Deposit Insurance written by and published by . This book was released on 1990 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Deposit Insurance in a Changing Environment by : Federal Deposit Insurance Corporation
Download or read book Deposit Insurance in a Changing Environment written by Federal Deposit Insurance Corporation and published by . This book was released on 1983 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Depositor Discipline in U.S. Banks by : Andrea M. Maechler
Download or read book Dynamic Depositor Discipline in U.S. Banks written by Andrea M. Maechler and published by International Monetary Fund. This book was released on 2003-11-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the presence of depositor discipline in the U.S. banking sector. We test whether depositors penalize (discipline) banks for poor performance by withdrawing their uninsured deposits. While focusing on the movements in uninsured deposits, we also account for the possibility that banks may be forced to pay a risk premium in the form of higher interest rates to induce depositors not to withdraw their uninsured deposits. Our results support the existence of depositor discipline: a weak bank may not necessarily be able to stop a deposit drain by raising its uninsured deposit interest rates.
Book Synopsis Does Deposit Insurance Diminish Market Discipline by : Andreas Grunwald
Download or read book Does Deposit Insurance Diminish Market Discipline written by Andreas Grunwald and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: As a consequence of the run on the British bank Northern Rock, the European Parliament's Economic and Monetary Affairs Committee agreed on raising the deposit insurance coverage from 20,000 to 50,000 Euro as of 30 June 2009 to restore confidence among depositors in the banking system. In this thesis the differences-in-differences methodology is employed to find out whether the implementation of this rise of coverage limit in Bulgaria diminished market discipline. The results suggest that holders of deposits in domestic currency reduced their efforts to discipline banks subsequently to the rise of the deposit insurance coverage in November 2008, while the holders of Euro-deposits increased their efforts. Holders of Euro-deposits impose more discipline on banks after November 2008 due to the failure of the Lehman Brothers and to bailouts of large banks in the United States of America and Europe. The former event made depositors more aware of bank risk taking and the latter event made them more conscious of potential too-big-to-fail guarantees. These events also impact holders of domestic currency deposits, but in a less pronounced manner. A reasonable explanation for behavioral discrepancies between holders of domestic currency and holders of Euro-deposits could be the lower level of education of domestic-currency holders.
Book Synopsis Does Deposit Insurance Increase Banking System Stability? by : Asl? Demirgüç-Kunt
Download or read book Does Deposit Insurance Increase Banking System Stability? written by Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 1999 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Explicit deposit insurance tends to be detrimental to bank stability-- the more so where bank interest rates are deregulated and the institutional environment is weak"--Cover.
Book Synopsis Market Discipline in Banking Reconsidered by : Daniel M. Covitz
Download or read book Market Discipline in Banking Reconsidered written by Daniel M. Covitz and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We find that the risk-sensitivity of bank holding company subordinated debt spreads at issuance increased with regulatory reforms that were designed to reduce conjectural government guarantees, but declined somewhat with subsequent reforms that were aimed in part at reducing regulatory forbearance. In addition, we test and find evidence for a straightforward form of "market discipline:" The extent to which bond issuance penalizes relatively risky banks. Evidence for such discipline only appears in the periods after conjectural government guarantees were reduced"--Abstract.
Book Synopsis Deposit Insurance by : Rita Carisano
Download or read book Deposit Insurance written by Rita Carisano and published by Dartmouth Publishing Company. This book was released on 1992 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The salience of deposit insurance has increased enormously in recent years as a result of the thrifts crisis in the USA and its proposed introduction to the European Community.
Book Synopsis Deposit Insurance by : Wen-Dai Elizabeth Huang
Download or read book Deposit Insurance written by Wen-Dai Elizabeth Huang and published by . This book was released on 1986 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Market Discipline Across Countries and Industries by : C. E. V. Borio
Download or read book Market Discipline Across Countries and Industries written by C. E. V. Borio and published by MIT Press. This book was released on 2004 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Federal Deposit Insurance Act by : Orice Williams Brown
Download or read book Federal Deposit Insurance Act written by Orice Williams Brown and published by DIANE Publishing. This book was released on 2010-10 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008 and 2009, the Federal Deposit Insurance Corp. (FDIC) provided emergency assistance that required the Secretary of the Dept. of the Treasury (Treasury) to make a determination of systemic risk under the systemic risk exception of the Federal Deposit Insurance Act. For the three determinations made to date, this report examines: (1) steps taken by FDIC, the Board of Governors of the Federal Reserve System (Federal Reserve), and Treasury to invoke the exception; (2) the basis of the determination and the purpose of resulting actions; and (3) the likely effects of the determination on the incentives and conduct of insured depository institutions and uninsured depositors. Includes recommendations. Charts and tables.
