منابع مشابه
Market Discipline and Securitization∗
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متن کاملMarket Discipline of Bank Risk: Theory and Evidence
ECAUSE of the many failures of banks and thrift institutions in recent years and the high cost of liquidating or reorganizing the bankrupt savings and loan associations, policymakers are now considering major changes in the way they supervise and regulate depository institutions in the United States. The Financial Institutions Reform, Recovery and Enforcement Act of 1989, which provides the fun...
متن کاملDisclosure , Transparency , and Market Discipline
The aim of this paper is to examine what has been the role of information provision to the market throughout the crisis. We consider two main sources of information to the market, financial statements and information provided by credit rating agencies. We examine how these sources of information work and the effectiveness of their disclosure process during the crisis. Contrary to the commonly h...
متن کاملMarket Discipline as a Regulator of Bank Risk
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: Management Science
سال: 2020
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.2018.3248