Market discipline across countries and industries / edited by Claudio Borio [and others].

Leading academics and policymakers address the theory of market discipline and consider evidence across different industries and countries. The effectiveness of market discipline--the strong built-in incentives that encourage banks and financial systems to operate soundly and efficiently--commands m...

Full description

Saved in:
Bibliographic Details
Other Authors: Borio, C. E. V.
Format: eBook
Language:English
Published: Cambridge, MA : MIT Press, 2004.
Subjects:
Online Access:Click for online access

MARC

LEADER 00000cam a22000004a 4500
001 ocm57560031
003 OCoLC
005 20240909213021.0
006 m o d
007 cr cnu|||unuuu
008 050203s2004 maua ob 101 0 eng d
040 |a N$T  |b eng  |e pn  |c N$T  |d OCLCQ  |d YDXCP  |d ZID  |d OCLCQ  |d N$T  |d OCLCQ  |d OCLCO  |d OCLCQ  |d OCLCF  |d NLGGC  |d OCLCO  |d OCLCQ  |d OCL  |d OCLCO  |d OCLCQ  |d AGLDB  |d PIFBR  |d X#7  |d OCLCQ  |d WY@  |d LUE  |d VNS  |d VTS  |d TOF  |d MITPR  |d G3B  |d PUG  |d AU@  |d EBLCP  |d SFB  |d UKSSU  |d OCLCO  |d OCLCQ  |d LDP  |d WSU  |d OCLCO 
015 |a GBA460203  |2 bnb 
016 7 |a 000025532159  |2 AU 
019 |a 991917721  |a 1058001408  |a 1150168807  |a 1154547246  |a 1154863598  |a 1156897531  |a 1443953535 
020 |a 9780262269032  |q (electronic bk.) 
020 |a 0262269031  |q (electronic bk.) 
020 |a 1417575077 
020 |a 9781417575077 
020 |a 0262025752  |q (alk. paper) 
020 |a 9780262025751 
020 |a 0262292157 
020 |a 9780262292153 
024 3 |a 9780262025751 
035 |a (OCoLC)57560031  |z (OCoLC)991917721  |z (OCoLC)1058001408  |z (OCoLC)1150168807  |z (OCoLC)1154547246  |z (OCoLC)1154863598  |z (OCoLC)1156897531  |z (OCoLC)1443953535 
037 |a 4444  |b MIT Press 
037 |a 9780262269032  |b MIT Press 
050 4 |a HG4523  |b .M267 2004eb 
072 7 |a BUS  |x 027000  |2 bisacsh 
049 |a HCDD 
245 0 0 |a Market discipline across countries and industries /  |c edited by Claudio Borio [and others]. 
260 |a Cambridge, MA :  |b MIT Press,  |c 2004. 
300 |a 1 online resource (xii, 449 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
500 |a Papers presented at a conference cosponored by the Federal Reserve Bank of Chicago and the Bank for International Settlements, held on Oct. 30 to Nov. 1, 2003, at the Federal Reserve Bank of Chicago. 
504 |a Includes bibliographical references and index. 
505 0 |a Part I: Keynote Addresses -- 1. Market Discipline and Public Policy : The Role of the IMF / Anne O. Krueger -- 2. Three Observations on Market Discipline / Malcolm Knight -- 3. Effective Market Discipline : The Roles of Auditors, Companies, and Analysts / Susan Schmidt Bies -- 4. A Review of the New Basel Capital Accord / Jaime Caruana -- Part II: Theory of Market Discipline -- 5. Market Discipline : Players, Processes, and Purposes / Robert R. Bliss -- 6. Market Discipline in Banking : Where Do We Stand? / Jean-Charles Rochet -- 7. Market Discipline for Financial Institutions and Sovereigns / Hal S. Scott -- 8. Comments on the Theory of Market Discipline / Kostas Tsatsaronis -- Part III: Evidence of Market Discipline in Banking -- 9. Market Discipline of U.S. Financial Firms : Recent Evidence and Research Issues / Mark J. Flannery and Stanislava Nikolova -- 10. Bank Market Discipline and Indicators of Banking System Risk : The European Evidence / Reint Gropp -- 11. Weakening Market and Regulatory Discipline in the Japanese Financial System / Mitsuhiro Fukao -- 12. Market Discipline in Emerging Economies : Beyond Bank Fundamentals / Eduardo Levy-Yeyati, Maria Soledad Martinez Peria, and Sergio L. Schmukler -- 13. Inside the "Black Box" of Market Discipline / David T. Llewellyn -- Part IV: Evidence of Market Discipline in Other Industries -- 14. Market Discipline in Insurance and Reinsurance / Scott E. Harrington -- 15. Conflicts of Interest and Market Discipline / Ingo Walter -- 16. Market Discipline and Corporate Control / Clifford W. Smith, Jr. -- Part V: Evidence of Market Discipline for Countries -- 17. Capital Controls : Mud in the Wheels of Market Discipline / Kristin J. Forbes -- 18. Equity Integration in Times of Crisis / Robert P. Flood and Andrew K. Rose -- 19. Assessing the Evidence on Market Discipline for Countries / Andrew G. Haldane. 
588 0 |a Print version record. 
520 |a Leading academics and policymakers address the theory of market discipline and consider evidence across different industries and countries. The effectiveness of market discipline--the strong built-in incentives that encourage banks and financial systems to operate soundly and efficiently--commands much attention today, particularly in light of recent accounting scandals. As government discipline, in the form of regulation, seems to grows less effective as the banking industry and financial markets grow more complex, the role of market discipline becomes increasingly important. In this collection, which grew out of a conference cosponsored by the Federal Reserve Bank of Chicago and the Bank for International Settlements in Basel, Switzerland, a diverse group of academics and policymakers address different aspects of the ability of market discipline to affect corporate behavior and performance. A major purpose of the book is to develop evidence on how market discipline operates across non-government regulated industries and in different countries, how successful it has been, and how it may transfer to a regulated industry. The chapters examine such topics as the theory of market discipline, evidence of market discipline in banking and other industries, evidence of market discipline for countries, the current state of corporate governance, and the interaction of market discipline and public policy. 
546 |a English. 
650 0 |a Capital market  |v Congresses. 
650 0 |a International finance  |v Congresses. 
650 0 |a Banks and banking, International  |v Congresses. 
650 0 |a Risk management  |v Congresses. 
650 7 |a BUSINESS & ECONOMICS  |x Finance.  |2 bisacsh 
650 7 |a Banks and banking, International  |2 fast 
650 7 |a Capital market  |2 fast 
650 7 |a International finance  |2 fast 
650 7 |a Risk management  |2 fast 
655 7 |a proceedings (reports)  |2 aat 
655 7 |a Conference papers and proceedings  |2 fast 
655 7 |a Conference papers and proceedings.  |2 lcgft 
655 7 |a Actes de congrès.  |2 rvmgf 
700 1 |a Borio, C. E. V. 
776 0 8 |i Print version:  |t Market discipline across countries and industries.  |d Cambridge, MA : MIT Press, 2004  |z 0262025752  |w (DLC) 2004050028  |w (OCoLC)55108939 
856 4 0 |u https://holycross.idm.oclc.org/login?auth=cas&url=https://doi.org/10.7551/mitpress/4444.001.0001?locatt=mode:legacy  |y Click for online access 
903 |a MIT-D2O-Backfile-Complete 
994 |a 92  |b HCD