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Czasopismo
2006 | nr 2 | 45--54
Tytuł artykułu

Dyscyplina rynkowa w bankowości: nowe idee, modele i obserwacje empiryczne

Warianty tytułu
Market discipline in banking: new ideas, models and empirical observations
Języki publikacji
PL
Abstrakty
Celem artykułu jest przybliżenie najnowszych osiągnięć literatury przedmiotu z zakresu dyscypliny rynkowej w bankowości oraz zidentyfikowanie popularnych i obiecujących nurtów badawczych. Za szczególnie istotne uznano wychwycenie najważniejszych osiągnięć z praktycznego, ale także metodologicznego punktu widzenia.
EN
Theoretical and empirical work which discusses issues connected with possibilities, forms and consequences of market discipline in banking is the effect of growing interest in this field. In the last three years many important publications enriching or reviewing the existing state of knowledge have been published. The aim of this paper is to bring closer the latest achievements presented in the professional literature and to identify popular and promising research trends. The results of current research work not only confirm that the standing of banks is monitored by capital suppliers but also document a positive impact of institutional solutions which favour the role of market discipline in shaping the long-term stability of the banking system. They suggest that there are numerous complementary areas for market and regulatory disciplines, including these which are connected with inspection of exposed banks and the use of market signals in the supervision process (i.e. the use of the so-called intermediary market discipline). They enrich the knowledge about the specificity of capital suppliers' behaviour on emerging markets and under the conditions of increasing systemic risk.(original abstract)
Czasopismo
Rocznik
Numer
Strony
45--54
Opis fizyczny
Twórcy
Bibliografia
  • U. Baumann, E. Nier: Market Discipline and Financial Stability: Some Empirical Evidence. Financial Stability Review, czerwiec 2003, Bank of England, s. 134-141.
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  • A.S. Cebenoyan, E.S. Cooperman, C.A. Register, S&L Performance Persistence, Moral Hazard and Market Discipline. "Managerial Finance", 2004, vol. 30, nr 9, s. 56-69.
  • T. Curry, G. Fissel, G. Hanweck: Equity Market Information, Bank Holding Company Risk and Market Discipline. FMA European Conference, 2-4 czerwca 2004. Zurich, Switzerland.
  • A. Demirgiuć-Kunt. E. Detragiache: Does Deposit Insurance Increase Banking System Stability! IMF Working Paper, WP/00/3, styczeń 2000.
  • A. Demirguć-Kunt, H. Huizinga: Market Discipline and Deposit Insurance. "Journal of Monetary Economics", vol. 51, 2004, s. 375-399.
  • Directive 2004/W9/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC. "Official Journal of European Union", L. 390, 31.12. 2004.
  • A. Elizalde, R. Repullo: Economic and Regulatory Capital: What is the Difference? Centro de Estudios Monetarios y Financieros, Working Paper nr 0422, grudzień 2004,
  • A. Estrella: Bank Capital and Risk: Is Voluntary Disclosure Enough! Journal of Financial Services Research, vol. 26, nr 2, 2004, s. 145-160.
  • M. J. Flannery, No Pain, No Gain ? Effecting Market Discipline via "Reverse Convertible Debentures", Working Paper, Graduate School of Business Administration, University of Florida, May 2002.
  • R. Gropp, G. Moerman: Measurement of Contagion in Banks' Equity Prices. European Central Bank, Working Paper nr 297, grudzień 2003.
  • R. Gropp, J, Vesala: Deposit insurance, Moral Hazard und Market Monitoring. European ContrailBank, Working Paper nr 302, luty 2004.
  • W.C. Gruben, J. Koo, R.R. Moore: Financial Liberalization, Market Discipline and Bank Risk. Federal Reserve Bank of Dallas, Center for Latin American Economics Working Paper nr 0303, 2003.
  • S.C. Hau: Sarbanes Oxley Act of 2002. "Journal of Financial Service Professionals", sierpień 2003, vol. 57, nr 5, s, 14-16.
  • D. Hendricks: Commentary. Economic Policy Review, Federal Reserve Bank of New York, sierpień 2004, vol. 10, s. 23-26, a zwłaszcza s. 25.
  • G. Hoggarth. P. Jackson. E. Nier: Banking Crises and the Design of Safely Nets, "Journal of Banking and Finance", vol. 29. 2005. s. 143-159.
  • K. Hosono, H. Iwaki, K. Tsuru: Bank Regulation and Market Discipline around the World. RIETI (Research Institute of Economy, Trade and Industry). Discussion Paper Series 04-E-031, październik 2004.
  • K. Jackowicz: Dyscyplina rynkowa w bankowości. Rodzaje i możliwości zastosowania. Warszawa 2004 Wydawnictwo Wyższej Szkoły Przedsiębiorczości i Zarządzania im. L. Koźmińskiego, s. 25-35.
  • K. Jackowicz: Trzeci filar nowej umowy kapitałowej - prezentacja i ocena. "Bezpieczny Bank" nr 3(28), 2005, s. 109-123.
  • M. Knight: Three Observations on Market Discipline, s. 11-15, W: C. Borio, W.C. Hunter, G.G. Kaufman, K. Tsatsaronis (red.): Market Discipline across Countries and Industries. Cambridge, London, The MIT Press 2004.
  • R.S. Kulzick: Sarbanes-Oxley: Effects on Financial Transparency. "Advanced Management Journal", zima 2004, vol. 69, nr 1, s. 43- 49.
  • S.H. Kwan: Hisk and Return of Publicly Held versus Privately Owned Banks. Federal Reserve Bank of New York, Economic Policy Review, sierpień 2004, s. 97-107.
  • E. Levy-Yeyati, M.S.M. Peria, S.L. Schmukler: Market Discipline under Systemic Risk: Evidence from Bank Runs in Emerging Economies. The World Bank Group, Working Paper nr 3440, październik 2004.
  • A.M. Maechler, K.M. McDill; Dynamic Depositor Discipline U.S. Banks. IMF Working Paper, listopad 2004, WP/03/26.
  • Markets for Bank Subordinated Debt and Equity in Basel Committee Member Countries. Basel Committee on Banking Supervision, Working Paper nr 12, sierpień 2003.
  • C. Raiborn, C. Schorg: The Sarbanes-Oxley Act of 2002: An Analysis of and Comments on the Accounting-Relating Provisions. "Journal of Business and Management", wiosna 2004, vol 10, nr 1, s, 1-13.
  • A. Raviv, Bank Stability and Market Discipline: Debt-for-Equity Swap versus Subordinated Notes, Hebrew University of Jerusalem, Jerusalem School of Business Administration, 2004.
  • J.-C. Rochet: Market Discipline in Banking: Where Do We Stand? s. 55-67. W: C. Borio, W.C. Hunter, G.G. Kaufman, K. Tsatsaronis (red.): Market Discipline across Countries and Industries. Cambridge, London, The MIT Press 2004.
  • J.-C. Rochet: Rebalancing the Three Pillars of Basel II. Economic Policy Review, Federal Reserve Bank of New York, sierpień 2004, vol. 10, s. 7-21.
  • B. Sheehan: Europe Switches To US-Style Disclosure Rules. "Global Finance", marzec 2005, vol. 19, nr 3, s. 18-19.
  • J. W. Thompson, G. Lange: The Sarbanes-Oxley Act and the Changing Responsibilities of Auditors. "Review of Business", wiosna 2003, s. 8-12.
  • http://ssrn.com/abstract=575862.
Typ dokumentu
Bibliografia
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