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Liczba wyników
2005 | 188 Banki a rozwój gospodarki | 5--22
Tytuł artykułu

Dyscyplina rynkowa - czyli czy prywatny monitoring zwiększa bezpieczeństwo systemu bankowego

Warianty tytułu
Market Discypline - Does Private Monitoring Increase the Safety of Banking System?
Języki publikacji
PL
Abstrakty
Celem niniejszego artykułu jest przedstawienie zarysu problematyki dyscypliny rynkowej: jej mechanizmów, warunków efektywnego wykonywania prywatnego nadzoru oraz regulacji prawnych, które ułatwiają uczestnikom rynku wypełnianie tej funkcji. Stawiam tu hipotezę badawczą, stanowiącą, że funkcjonowanie prywatnego monitoringu banków - po spełnieniu fundamentalnych warunków - pozytywnie wpływa na zwiększenie bezpieczeństwa systemu bankowego.(fragment tekstu)
EN
The article outlines the issues of market discipline - that is the private monitoring and oversight over banks. Market discipline is considered to be an important component of the supervisory system, which can significantly influence the stability of individual institutions, as well as the whole banking system. The paper presents the theoretical considerations about private monitoring and the possibilities of its widespread application. The recommendations of Basel Committee on Banking Supervision are discussed. The discussion of conditions for the limits and the conditions for effective market discipline is the complement for those considerations. (original abstract)
Rocznik
Strony
5--22
Opis fizyczny
Twórcy
  • Uniwersytet Łódzki
Bibliografia
  • M. Andrzejewski, Rachunkowość a ujawnianie informacji przez spółki giełdowe, Wydawnictwo Naukowe PWN, Warszawa 2002, s. 19
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  • Banking Committee on Banking Supervision, The New Basel Capital Accord. Consultant Document, Bank for International Settlements, Basel, April 2003
  • J. R. Barth, G. Capiro, R. Levine, Bank Regulation and Supervision: What Works Best?, "NBER Working Paper" 2002, No. 9323
  • Basel Committee on Banking Supervision, Report to G7 Finance Ministers and Central Bank Governors on International Accounting Standards, April 2000
  • BCBS, Best Practices or Credit Risk Disclosure, September 2000
  • BCBS, Sound Practices for Loan Accounting and Disclosure, July 1999
  • BCBS, Enhancing Bank Transparency. Public Disclosure and Supervisory Information that Promote Safety and Soundness in Banking Systems, October 1998
  • BCBS, Public Disclosure by Banks: Results of the 1999 Disclosure Survey, BIS, May 2001
  • BCBS, Public Disclosure by Banks: Results of the 2000 Disclosure Survey, BIS, May 2002
  • BCBS, Public Disclosure by Banks: Results of the 2001 Disclosure Survey, BIS, May 2003
  • BCBS, IOSCO, Recommendations for Public Disclosure of Trading and Derivatives Activities, October 1999
  • T. Beck, A. Demirguc-Kunt, R. Levine, Bank Supervision and Corporate Finance, "NBER Working Paper", April 2003, No. 9620
  • H. Benink, C. Wihlborg, The New Basel Capital Accord: Making It Effective with Stronger Market Discipline, "European Financial Management" 2002, Vol. 8, No. 1
  • U. W. Birchler, D. Hancock, What Does the Yield on Subordinated Bank Debt Measure?, BIS, Banking and Financial Stability: A Workshop on Applied Banking Research, Rome, March 2003 (www.bis.org)
  • R. R. Bliss, M. J. Flannery, Market Discipline in the Governance of US Bank Holding Companies: Monitoring vs. Influencing, "SSRN Working Paper Series", March 2001
  • J. Blum, The Limits of Market Discipline in Reducing Banks' Risk Taking, "Swiss National Bank Working Paper" 2000, No. 00.08
  • Business Transparency in a Post-Enron World, "СІМА Executive Briefing", August 2002
  • Ch. W. Calomiris, Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina 1992-99, "NBER Working Paper" May 2000, No. 7715
  • Ch. W. Calomiris, J. R. Mason, How to Restructure Failed Banking Systems: Lessons frот the US in the 1930's and Japan in the 1990S, "NBER Working Papers", April 2003, No. 9624
  • D. M. Covitz, D. Hancock, M. L. Kwast, Market Discipline in Banking Reconsidered: The Roles of Deposit Insurance Reform, Funding Manager
  • Decisions and Bond Market Liquidity, "FEDS Working Paper", October 2002, No. 46
  • A. Demirgüc-Kunt, H. Huizinga, Market Discipline and Financial Safety Net Design, "World Bank Working Paper" 1999, No. 971
  • M. Dewatripont, J. Tirole, The Prudential Regulation of Banks, The MIT Press, Cambridge, London 1999
  • F. R. Edwards, F. S. Mishkin, The Decline of Traditional Banking: Implications for Financial Stability and Regulatory Policy, "NBER Working Paper" 1995, No. 4993
  • FRS Study Group on Disclosure, Improving Public Disclosure in Banking, "Staff Study", March 2000, No. 173, Federal Reserve System
  • R. Garver, Skepticism Rising on Market as Regulator, .American Banker" 2001, Vol. 166, Issue 14
  • Greenspan, Harnessing Market Discipline, "Region" (Federal Reserve Bank of Minneapolis) 2001, Vol. 15, Issue 3
  • В. E. Gup, Market Discipline: Is It Fact or Fiction?, "SSRN Working Paper Series", August 2003
  • P. Honohan, Banking System Failures in Developing and Transition Countries: Diagnosis and Prediction, "BIS Working Papers" January 1997, No. 39
  • IASB, Framework for the Preparation and Presentation of Financial Statements, [w:] International Financial Reporting Standards 2003, International Accounting Standards Board, London 2003
  • International Accounting Standard IAS 30, Disclosures in the Financial Statements of Banks and Similar Financial Institutions, IASB, 1999
  • International Accounting Standards Committee, Disclosures of Risks Arising from and Other Disclosures Relating to Financial Instruments - Project Summary, International Accounting Standards Committee Foundation, London, 15.08.2003
  • K. Jajuga, K. Kuziak, P. Markowski, Inwestycje finansowe, Wydawnictwo Akademii Ekonomicznej we Wrocławiu, Wrocław 1997, s. 76
  • E. J. Kane, Ethical Foundations of Financial Regulation, "NBER Working Paper", April 1997, No. 6020
  • S. Kwan, The Promise and Limits of Market Discipline in Banking, "FRBSF Economic Letter", 13.12.2002, No. 36
  • J. A. Lopez, Disclosure as a Supervisory Tool: Pillar 3 of Basel II, "FRBSF Economic Letter", 1.08.2003
  • F. C. Maclachlan, Market Discipline in Bank Regulation 2002, "Independent Review" 2001, Vol. 6, Issue 2
  • M. Marcinkowska, Sprawozdawczość finansowa banków, "Rachunkowość - Komentarze do Ustawy" 2003, nr 20 (107)
  • M. Marcinkowska, Wycena aktywów i pasywów banku, "Rachunkowość - Komentarze do Ustawy"
  • M. Marcinkowska, Reporting by Banks - A Need for Enhanced Transparency, [w:] M. Dobii (red.), General Accounting Theory. In statu nascendi, M. Dobii, Akademia Ekonomiczna w Krakowie, Kraków 2003
  • O. McDonald, K. Keasey, The Future of Retail Banking in Europe. A View from the Top, John Wiley & Sons, Chichester 2002, s. 5
  • F. S. Mishkin, Financial Policies and the Prevention of Financial Crises in Emerging Market Countries, "NBER Working Paper" January 2001, No. 8087
  • Multidisciplinary Working Group on Enhanced Disclosure, Final Report to Basel Committee on Banking Supervision, Committee on the Global Financial System of the G-10 Central Banks, International Association of Insurance Supervisors, International Organization of Securities Commissions, April 2001
  • E. Nier, U. Baumann, Market Discipline, Disclosure and Moral Hazard in Banking, Paper 664 on the Conference of European Finance Association, 2003
  • J. A. C. Santos, Bank Capital Regulation in Contemporary Banking Theory, "Financial Markets, Institutions and Instruments" 2001, Vol. 10, No. 2
  • J. Seiberg, D. Anason, Greenspan: Regulators Should Rely More on Market Discipline, .American Banker" 1997, Vol. 126, Issue 84
  • J. J. Sijben, Regulation versus Market Discipline in Banking Supervision: An Overview - Part 2, "Journal of International Banking Regulation" 2002, Vol. 4, No. 1
  • Survey of Disclosures about Trading and Derivatives Activities of Banks and Securities Firms 1996, Basel Committee on Banking Supervision, Technical Committee of the IOSCO, November 1997
  • A. Sironi, Testing for Market Discipline in the European Banking Industry: Evidence from Subordinated Debt Issues, "Journal of Money, Credit, and Banking" 2003, Vol. 35, No. 3
  • Trading and Derivatives Disclosures of Banks and Securities Firms, Basel Committee on Banking Supervision, Technical Committee of the IOSCO, November 1998
  • Transparency and Market Fragmentation. Report from the Technical Committee of the International Organization of Securities Commissions, IOSCO, November 2001
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000168896921

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