Can The Unsophisticated Market Provide Discipline?

The authors question the widespread belief that market discipline on banks cannot be effective in less developed financial environments. There is no systematic tendency for low-income countries to lack the prerequisites for market discipline. Offs...

Full description

Bibliographic Details
Main Authors:	Caprio, Gerard, Honohan, Patrick
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ACCOUNTING ACQUISITION COSTS ASSET PRICES AUDITING AUDITORS BANK FAILURE BANK HOLDING COMPANIES BANK REGULATION BANK RISK BANK RUN BANK SUPERVISION BANKING CRISES BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BANKS CAPITAL ADEQUACY CAPITAL REQUIREMENTS CHECKING COAL COVERAGE DEBT DEFAULT RISK DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVELOPING COUNTRY CONTEXT EMPIRICAL EVIDENCE EQUILIBRIUM EQUITY MARKETS FEDERAL RESERVE SYSTEM FINANCIAL INTERMEDIARIES FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEMS FINANCIAL VOLATILITY FOREIGN BANKS FRAUD FUTURE VALUE GOVERNMENT BANKS INCOME INFLATION INFORMATION ACQUISITION INSOLVENCY INSURANCE FUNDS INSURANCE SYSTEM INSURED DEPOSITS INTEREST DIFFERENTIALS INTEREST RATES INTERNATIONAL BANKS LENDER OF LAST RESORT LIQUIDITY LOOTING MARGINAL COST MARKET BEHAVIOR MARKET DISCIPLINE MARKET FORCES MARKET PRICES MATURITIES POLICY ENVIRONMENT POLITICAL ECONOMY PORTFOLIOS PREMIUMS PRICE THEORY PROBABILITY OF DEFAULT PROFITABILITY RATING AGENCIES RECAPITALIZATION RISK OF DEFAULT SECURITIES SHAREHOLDERS SHAREHOLDING SMALL BANKS STATE OWNERSHIP STOCKHOLDERS SUBORDINATED DEBT SUBSIDIARIES TRADING TRANSPARENCY VULNERABILITY MARKETS BANKING COMMUNITY BANKS INDEPENDENT BANKS INFORMATION INFRASTRUCTURE INTERNATIONALIZATION INTERNATIONAL ECONOMY GLOBAL MARKETS PUBLIC SECTOR INSTITUTIONS
Online Access:	http://documents.worldbank.org/curated/en/2004/08/5062235/can-unsophisticated-market-provide-discipline http://hdl.handle.net/10986/14166

Internet

http://documents.worldbank.org/curated/en/2004/08/5062235/can-unsophisticated-market-provide-discipline
http://hdl.handle.net/10986/14166

Can The Unsophisticated Market Provide Discipline?

Internet

Similar Items