Reconsidering bank capital regulation: a new combination of rules, regulators, and market discipline
نویسندگان
چکیده
منابع مشابه
Are bank shareholders enemies of regulators or a potential source of market discipline ?
In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer --that is, maximize put option value-by pursuing riskier strategies. For safe banks with large charter value, however, the risk-taking incentive is outweighed by the possibility of losing charter value. Focusing on the relationship between book value, market value, and a risk measure, this pape...
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The collapse of the savings and loan industry and the failure of large numbers of commercial banks in the 1980s have generated a reexamination of bank regulation in the United States and a new banking act. Despite this increased attention, no consensus about how to reform the banking system has emerged. Instead, proposals range from eliminating deposit insurance and relying solely on market dis...
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ژورنال
عنوان ژورنال: Journal of Economic Policy Reform
سال: 2016
ISSN: 1748-7870,1748-7889
DOI: 10.1080/17487870.2016.1181550