Search Results

You are looking at 1 - 10 of 26 items

  • Keyword: Market Discipline x
Clear All Modify Search
Market-Based Fiscal Discipline in Monetary Unions

Market-Based Fiscal Discipline in Monetary Unions »

Source: Market-Based Fiscal Discipline in Monetary Unions : Evidence From the U.S. Municipal Bond Market

Volume/Issue: 1991/89

Series: IMF Working Papers

Author(s): Morris Goldstein , and Geoffrey Woglom

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1991

ISBN: 9781451851205

Keywords: bonds, bond, fiscal policy, fiscal discipline, municipal bond, Market-Based Fiscal Discipline in Monetary Unions:,

The concept of market-based fiscal discipline posits that a government which runs persistent, excessive fiscal deficits will face an increased cost of borrowing and eventually, a reduced availability of credit, and...

Who Disciplines Bank Managers?

Who Disciplines Bank Managers? »

Source: Who Disciplines Bank Managers?

Volume/Issue: 2009/272

Series: IMF Working Papers

Author(s): Andrea Maechler , Klaus Schaeck , Martin Cihak , and Stéphanie Marie Stolz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

ISBN: 9781451874174

Keywords: Market discipline, executive turnover, financial soundness, discipline, banking, subordinated debt, bank risk, bank performance,

We bring to bear a hand-collected dataset of executive turnovers in U.S. banks to test the efficacy of market discipline in a 'laboratory setting' by analyzing banks that are less likely to be subject to government...

Sovereign Risk and Deposit Dynamics

Sovereign Risk and Deposit Dynamics »

Source: Sovereign Risk and Deposit Dynamics : Evidence from Europe

Volume/Issue: 2016/145

Series: IMF Working Papers

Author(s): David Grigorian , and Vlad Manole

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2016

ISBN: 9781498381833

Keywords: overeign risk, market discipline, bank deposits, European crisis

The unprecedented expansion of sovereign balance sheets since the global financial crisis has given a new meaning to the term sovereign risk. Developments in Europe since early 2010 presented new challenges for the...

Market Discipline

Market Discipline »

Source: Market Discipline

Volume/Issue: 1992/42

Series: IMF Working Papers

Author(s): Timothy Lane

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1992

ISBN: 9781451846157

Keywords: discipline, deposit insurance, financial markets, bonds, financial institutions

Under what circumstances can market forces prevent unsustainable borrowing? Effective market discipline requires that capital markets be open, that; information on the borrower’s existing liabilities be read...

Depositor Behavior and Market Discipline in Colombia

Depositor Behavior and Market Discipline in Colombia »

Source: Depositor Behavior and Market Discipline in Colombia

Volume/Issue: 2000/214

Series: IMF Working Papers

Author(s): Roberto Steiner , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2000

ISBN: 9781451874983

Keywords: banking system, market discipline, deposit insurance, deposit growth, banking, moral hazard, deposit interest

This study examines how depositors choose among different banks and over time in Colombia, focusing on whether they discipline bank behavior. By controlling for a more comprehensive set of risk/return factors, the...

Banks During the Argentine Crisis

Banks During the Argentine Crisis »

Source: Banks During the Argentine Crisis : Were they All Hurt Equally? Did they All Behave Equally?

Volume/Issue: 2006/42

Series: IMF Working Papers

Author(s): V. Juan-Ramon , Emiliano Basco , Carlos Quarracino , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2006

ISBN: 9781451863024

Keywords: crisis, market discipline, banking system, deposit growth, currency risk, stock market, International Finance: General, Open Economy Macroeconomics,

The simple answer to both questions in the title of this paper is: No. We concentrate on the three main risk elements that contributed to the banking system’s difficulties during the crisis: increasing dolla...

Fiscal Transparency and Economic Outcomes

Fiscal Transparency and Economic Outcomes »

Source: Fiscal Transparency and Economic Outcomes

Volume/Issue: 2005/225

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862447

Keywords: Fiscal Discipline, Institutions, contingent liabilities, budget execution, fiscal risk, Financial Markets and the Macroeconomy, and Finance, Taxation, Financial Markets and the Macroeconomy, Financial Markets and Institutions,

This paper develops indices of fiscal transparency for a broad range of countries based on the IMF's Code of Good Practices on Fiscal Transparency, using data derived from published fiscal transparency modules of t...

Dynamic Depositor Discipline in U.S. Banks

Dynamic Depositor Discipline in U.S. Banks »

Source: Dynamic Depositor Discipline in U.S. Banks

Volume/Issue: 2003/226

Series: IMF Working Papers

Author(s): Kathleen McDill , and Andrea Maechler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2003

ISBN: 9781451875409

Keywords: Market Discipline, Banking System, banking, deposit interest, bond, subordinated debt, Financial Institutions and Services: Government Policy and Regulation,

This paper investigates the presence of depositor discipline in the U.S. banking sector. We test whether depositors penalize (discipline) banks for poor performance by withdrawing their uninsured deposits. While fo...

The Effects of European Economic Integration on the Profitability of Industries

The Effects of European Economic Integration on the Profitability of Industries »

Source: The Effects of European Economic Integration on the Profitability of Industries

Volume/Issue: 1998/85

Series: IMF Working Papers

Author(s): Dalia Hakura

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1998

ISBN: 9781451850727

Keywords: Trade Discipline, European Economic Integration, Market Structure, Markups, import penetration, competition, import competition, world price, imperfect competition

This paper examines the effects of intensified international competition on industry profits in six European Union (EU) countries. The paper uses two methods to estimate industry profits. The traditional method use...

Shadow Banking and Market Discipline on Traditional Banks1

Shadow Banking and Market Discipline on Traditional Banks1 »

Source: Shadow Banking and Market Discipline on Traditional Banks

Volume/Issue: 2017/285

Series: IMF Working Papers

Author(s): Anil Ari , Matthieu Darracq-Paries , Christoffer Kok , and Dawid ?ochowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2017

ISBN: 9781484335376

Keywords: Financial crisis, United States, Western Hemisphere, Financial crises, Shadow banking, Central banks and their policies, Market discipline, Fire-sales, Financial Markets and the Macroeconomy, Government Policy and Regulation

We present a model in which shadow banking arises endogenously and undermines market discipline on traditional banks. Depositors' ability to re-optimize in response to crises imposes market discipline on traditiona...