Rethinking Market Discipline In Banking : Lessons From The Financial Crisis

Abstract

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

Banking Capital and Risk-Taking Adjustment under Capital Regulation: The Role of Financial Freedom, Concentration and Governance Control

“…In case of the increasingly competitive Hence, the credit risk taking is indirectly affected by market forces (Demsetz et al, 1996;Magalhaes et al, 2008;Agoraki et al, 2010;Stephanou, 2010). …”

Meningkatkan Transparansi Dan Disiplin Pasar Perbankan Syariah Di Indonesia

“…Sinyal disiplin pasar ini dapat dilakukan oleh nasabah penyimpan (depositors), pemegang-hutang (debt-holders), dan pemegang ekuitas (equity-holders). Stephanou (2010) mendefinisikan disiplin pasar sebagai suatu mekanisme dimana para partisipan pasar memonitor dan mendisiplinkan perilaku pengambilan risiko yang berlebihan oleh bank. Berger (1991) dalam Levy-Yeyati et al (2004) menjelaskan disiplin pasar (market discipline) dalam dunia perbankan sebagai situasi dimana partisipan sektor swasta (pemegang obligasi, pemegang saham, lembaga pemeringkat, dan nasabah penyimpan) menghadapi biaya-biaya yang terkait positif dengan risiko bank dan bereaksi atas dasar biaya-biaya risiko ini.…”

“…Stephanou (2010) menempatkan pengungkapan informasi atau ruh transparansi ini menjadi aspek penting pertama. Begitu pula dengan Hamalainen et al (2003Hamalainen et al ( , 2005 yang menempatkan transparansi menjadi kondisi yang harus ada dalam disiplin pasar yang efektif.…”

The Role of economic variables and credit portfolio attributes for estimating discretionary loan loss provisions in Brazilian banks

“…Em geral, estão baseados nas variáveis que representam os volumes de operações de crédito inadimplentes, empréstimos baixados e provisão para créditos de liquidação duvidosa usados como regressores que explicam o NDLLP. Embora alguns estudos mais recentes, como Kanagaretnam, Krishnan e Lobo (2009, 2010, incorporem variáveis de controle em modelos concebidos para identificação da parcela não discricionária do LLP, esses modelos em geral não contemplam alguns aspectos importantes.…”