Market Discipline across Countries and Industries by Claudio Borio, William C. Hunter, George G. Kaufman, Kostas

Posted by

By Claudio Borio, William C. Hunter, George G. Kaufman, Kostas Tsatsaronis

Top lecturers and policymakers handle the speculation of industry self-discipline and examine proof throughout varied industries and nations.

Show description

Read Online or Download Market Discipline across Countries and Industries PDF

Similar industries books

Julius Rosenwald: The Man Who Built Sears, Roebuck And Advanced the Cause of Black Education in the American South (Philanthropic and Nonprofit Studies)

"This is the 1st critical biography of the exuberant guy who reworked the Sears, Roebuck corporation into the country's such a lot very important shop. He used to be additionally one of many early twentieth century's awesome philanthropists. . . . The richness of fundamental proof regularly delights. " --Judith Sealander, writer of personal Wealth and Public existence "[No] mere philanthropist [but a] refined, stinging critic of our racial democracy.

Behind the Scenes at the Science Museum

What is going on in the back of closed doorways at museums? How are judgements approximately exhibitions made and who, or what, rather makes them? Why are definite items and varieties of exhibit selected when others are rejected, and what elements impression how museum exhibitions are produced and skilled? This publication solutions those looking questions by means of giving a privileged glance ‘behind the scenes’ on the technology Museum in London.

Locality and inequality : farm and industry structure and socioeconomic conditions

This booklet explores how the new restructuring of farming and has affected fiscal and social equality within the usa. the writer explains how the farm zone has gone through a dramatic restructuring with profound results. Moderate-size kinfolk farms, the mainstay of yank agriculture, have declined through the postwar interval and at the moment are below serious monetary pressure.

Extra info for Market Discipline across Countries and Industries

Example text

This effect may have continued even after the passage of FDICIA in 1991, while the credibility of regulators in foreswearing forbearance remained untested. Even if one can argue that regulators will now let individual banks fail, imposing costs on uninsured creditors, one can also argue that diversified holders of uninsured claims might still rely on regulators’ unwillingness to allow a large number of banks to fail.

In deciding to revise the 1988 Accord, the Basel Committee thought carefully about what improvements to banks’ public reporting would mirror the New Accord’s incentive-based approach to foster improvements in risk management. In recent years, the committee has noted some improvements in the quality of bank reporting worldwide. Annual surveys conducted by the committee suggest that the extent of banks’ public disclosures has increased markedly in some areas. Still, important deficiencies remain.

Examiners are in an excellent position to act as delegated monitors. They have unparalleled access to information, and they can 42 Chapter 5 compel remedial action. Only the board of directors is in as strong a position to monitor and discipline management. Early empirical investigations of this hypothesis found little evidence that the supervisors’ theoretical comparative advantage translated into measurable benefits. However, DeYoung, Flannery, Lang, and Sorescu (2001), using an improved research methodology and a unique data set, find strong evidence that exams do reveal information that is not known to the market.

Download PDF sample

Rated 4.30 of 5 – based on 16 votes