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Market Discipline in Banking: Theory and Evidence
George G. Kaufman (Ed.)
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Description for Market Discipline in Banking: Theory and Evidence
Hardback. Contains papers which consider the basic role of market discipline, how it may be applied to banking and more broadly to large financial institutions of various types. Editor(s): Kaufman, George G. Series: Research in Financial Services: Private & Public Policy. Num Pages: 454 pages, Illustrations. BIC Classification: KFFK. Category: (P) Professional & Vocational. Dimension: 161 x 239 x 30. Weight in Grams: 790.
It has become increasingly evident in recent years that the safe and the efficient operation of the banking system cannot be guaranteed by Government regulation and supervisory review alone, regardless of how conscientious the regulator, or well-intended the regulations. Government regulation needs to be supplemented by market discipline. Market discipline requires the existence of at least some "de-facto at-risk" bank stakeholders, who have an incentive both to monitor the financial performance of the banks and to take action to influence bank management if they find performance unsatisfactory. But the concept of market discipline in banking was dormant for many years ... Read more
It has become increasingly evident in recent years that the safe and the efficient operation of the banking system cannot be guaranteed by Government regulation and supervisory review alone, regardless of how conscientious the regulator, or well-intended the regulations. Government regulation needs to be supplemented by market discipline. Market discipline requires the existence of at least some "de-facto at-risk" bank stakeholders, who have an incentive both to monitor the financial performance of the banks and to take action to influence bank management if they find performance unsatisfactory. But the concept of market discipline in banking was dormant for many years ... Read more
Product Details
Format
Hardback
Publication date
2003
Publisher
Emerald Publishing Limited United States
Number of pages
454
Condition
New
Series
Research in Financial Services: Private & Public Policy
Number of Pages
454
Place of Publication
, United States
ISBN
9780762310807
SKU
V9780762310807
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
Reviews for Market Discipline in Banking: Theory and Evidence
...Twelve papers consider the resurrection of the concept of market discipline in banking, how well market discipline has worked in the past, and the promise it may have for the future. Individual papers were presented during the annual meeting of the Financial Management Association International in Dublin, Ireland, in June 2003 or during the annual meeting of the Western ... Read more