Beyond Capital Ideals: Restoring Banking Stability
Hard on the heels of Mexico's crisis in 1994, a wave of financial crises swept across emerging economies - from East Asia and Russia to Brazil - bringing the fragility of banking and finance into unprecedented focus. What has gone wrong? - Caprio and Honohan examine why emerging markets, in par...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
1999
|
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | Hard on the heels of Mexico's crisis in 1994, a wave of financial crises swept across emerging economies - from East Asia and Russia to Brazil - bringing the fragility of banking and finance into unprecedented focus. What has gone wrong? - Caprio and Honohan examine why emerging markets, in particular, are susceptible to and affected by financial difficulties. They show that these difficulties have a richer, more complex structure than they are sometimes believed to have - with marked information asymmetries and substantial volatility. The sources of heightened regulatory failure in emerging markets in recent years include the volatility of real and nominal shocks, the difficulty of operating in uncharted territory after financial liberalization and other changes in regime, and the political pressures that can inhibit the enforcement of prudential regulation. Caprio and Honohan discuss what stronger regulation can and cannot accomplish, as well as options to improve the incentive structure for bankers, regulators, and other market participants. They probe the shortcomings of a regulatory paradigm that relies mainly on supervised capital adequacy and discuss the possible intermittent application of supplementary blunt instruments as an interim solution while longer-term reforms are being put in place. Certain well-worn messages remain valid, but are respected more in theory than in practice. There would be fewer problems, the authors say, if there were: · More diversification. · More balanced financial structures (for example, as between debt and equity). · More foreign banks in emerging markets' financial systems. · Better enforcement of both contracts and regulations. Participants in the financial sector will constantly try to get around rules that limit their profitability, so regulation must be seen as an evolutionary struggle. Prevention of financial failure is not costless, and a heavy repressive hand is not warranted. But a richer regulatory palette can be used to protect financial systems more successfully against crisis while preserving the systems' growth-enhancing effectiveness. This paper is a joint product of Finance, Development Research Group, and the Financial Sector Practice Department. The authors may be contacted at gcaprio@worldbank.org or phonohan@worldbank.org |
| Beschreibung: | 1 Online-Ressource (46 Seiten)) |
Internformat
MARC
| LEADER | 00000nmm a22000001c 4500 | ||
|---|---|---|---|
| 001 | BV049076356 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 230731s1999 xxu|||| o||u| ||||||eng d | ||
| 035 | |a (ZDB-1-WBA)093208227 | ||
| 035 | |a (OCoLC)1392138163 | ||
| 035 | |a (DE-599)GBVNLM005444373 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 | ||
| 100 | 1 | |a Honohan, Patrick |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Beyond Capital Ideals |b Restoring Banking Stability |c Honohan, Patrick |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 1999 | |
| 300 | |a 1 Online-Ressource (46 Seiten)) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 520 | 3 | |a Hard on the heels of Mexico's crisis in 1994, a wave of financial crises swept across emerging economies - from East Asia and Russia to Brazil - bringing the fragility of banking and finance into unprecedented focus. What has gone wrong? - Caprio and Honohan examine why emerging markets, in particular, are susceptible to and affected by financial difficulties. They show that these difficulties have a richer, more complex structure than they are sometimes believed to have - with marked information asymmetries and substantial volatility. The sources of heightened regulatory failure in emerging markets in recent years include the volatility of real and nominal shocks, the difficulty of operating in uncharted territory after financial liberalization and other changes in regime, and the political pressures that can inhibit the enforcement of prudential regulation. | |
| 520 | 3 | |a Caprio and Honohan discuss what stronger regulation can and cannot accomplish, as well as options to improve the incentive structure for bankers, regulators, and other market participants. They probe the shortcomings of a regulatory paradigm that relies mainly on supervised capital adequacy and discuss the possible intermittent application of supplementary blunt instruments as an interim solution while longer-term reforms are being put in place. Certain well-worn messages remain valid, but are respected more in theory than in practice. There would be fewer problems, the authors say, if there were: · More diversification. · More balanced financial structures (for example, as between debt and equity). · More foreign banks in emerging markets' financial systems. · Better enforcement of both contracts and regulations. Participants in the financial sector will constantly try to get around rules that limit their profitability, so regulation must be seen as an evolutionary struggle. | |
| 520 | 3 | |a Prevention of financial failure is not costless, and a heavy repressive hand is not warranted. But a richer regulatory palette can be used to protect financial systems more successfully against crisis while preserving the systems' growth-enhancing effectiveness. This paper is a joint product of Finance, Development Research Group, and the Financial Sector Practice Department. The authors may be contacted at gcaprio@worldbank.org or phonohan@worldbank.org | |
| 533 | |a Online-Ausg | ||
| 650 | 4 | |a Bank | |
| 650 | 4 | |a Bank Failures | |
| 650 | 4 | |a Bankers | |
| 650 | 4 | |a Banking | |
| 650 | 4 | |a Banking Crises | |
| 650 | 4 | |a Banking Stability | |
| 650 | 4 | |a Banks | |
| 650 | 4 | |a Banks and Banking Reform | |
| 650 | 4 | |a Capital | |
| 650 | 4 | |a Capital Adequacy | |
| 650 | 4 | |a Capital Flows | |
| 650 | 4 | |a Debt Markets | |
| 650 | 4 | |a Economies | |
| 650 | 4 | |a Emerging Markets | |
| 650 | 4 | |a Emerging Markets | |
| 650 | 4 | |a Externalities | |
| 650 | 4 | |a Finance | |
| 650 | 4 | |a Finance and Financial Sector Development | |
| 650 | 4 | |a Financial Crises | |
| 650 | 4 | |a Financial Deepening | |
| 650 | 4 | |a Financial Literacy | |
| 650 | 4 | |a Financial Markets | |
| 650 | 4 | |a Financial Systems | |
| 650 | 4 | |a Inflation | |
| 650 | 4 | |a Infrastructure | |
| 650 | 4 | |a Private Sector Development | |
| 700 | 1 | |a Honohan, Patrick |e Sonstige |4 oth | |
| 776 | 0 | 8 | |i Honohan, Patrick |a Beyond Capital Ideals |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-034338247 | ||
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235 |l BSB01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235 |l EUV01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235 |l HTW01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235 |l FHI01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235 |l IOS01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1804185397352202240 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Honohan, Patrick |
| author_facet | Honohan, Patrick |
| author_role | aut |
| author_sort | Honohan, Patrick |
| author_variant | p h ph |
| building | Verbundindex |
| bvnumber | BV049076356 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)093208227 (OCoLC)1392138163 (DE-599)GBVNLM005444373 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>04920nmm a22007331c 4500</leader><controlfield tag="001">BV049076356</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">230731s1999 xxu|||| o||u| ||||||eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)093208227</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1392138163</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM005444373</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Honohan, Patrick</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Beyond Capital Ideals</subfield><subfield code="b">Restoring Banking Stability</subfield><subfield code="c">Honohan, Patrick</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">1999</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (46 Seiten))</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">Hard on the heels of Mexico's crisis in 1994, a wave of financial crises swept across emerging economies - from East Asia and Russia to Brazil - bringing the fragility of banking and finance into unprecedented focus. What has gone wrong? - Caprio and Honohan examine why emerging markets, in particular, are susceptible to and affected by financial difficulties. They show that these difficulties have a richer, more complex structure than they are sometimes believed to have - with marked information asymmetries and substantial volatility. The sources of heightened regulatory failure in emerging markets in recent years include the volatility of real and nominal shocks, the difficulty of operating in uncharted territory after financial liberalization and other changes in regime, and the political pressures that can inhibit the enforcement of prudential regulation. </subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">Caprio and Honohan discuss what stronger regulation can and cannot accomplish, as well as options to improve the incentive structure for bankers, regulators, and other market participants. They probe the shortcomings of a regulatory paradigm that relies mainly on supervised capital adequacy and discuss the possible intermittent application of supplementary blunt instruments as an interim solution while longer-term reforms are being put in place. Certain well-worn messages remain valid, but are respected more in theory than in practice. There would be fewer problems, the authors say, if there were: · More diversification. · More balanced financial structures (for example, as between debt and equity). · More foreign banks in emerging markets' financial systems. · Better enforcement of both contracts and regulations. Participants in the financial sector will constantly try to get around rules that limit their profitability, so regulation must be seen as an evolutionary struggle. </subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">Prevention of financial failure is not costless, and a heavy repressive hand is not warranted. But a richer regulatory palette can be used to protect financial systems more successfully against crisis while preserving the systems' growth-enhancing effectiveness. This paper is a joint product of Finance, Development Research Group, and the Financial Sector Practice Department. The authors may be contacted at gcaprio@worldbank.org or phonohan@worldbank.org</subfield></datafield><datafield tag="533" ind1=" " ind2=" "><subfield code="a">Online-Ausg</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Bank</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Bank Failures</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Bankers</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Banking</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Banking Crises</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Banking Stability</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Banks</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Banks and Banking Reform</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital Adequacy</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital Flows</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Debt Markets</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economies</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Emerging Markets</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Emerging Markets</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Externalities</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Financial Sector Development</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial Crises</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial Deepening</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial Literacy</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial Markets</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial Systems</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Inflation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Infrastructure</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Private Sector Development</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Honohan, Patrick</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Honohan, Patrick</subfield><subfield code="a">Beyond Capital Ideals</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-034338247</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235</subfield><subfield code="l">BSB01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235</subfield><subfield code="l">EUV01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235</subfield><subfield code="l">HTW01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235</subfield><subfield code="l">FHI01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235</subfield><subfield code="l">IOS01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV049076356 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:50Z |
| indexdate | 2024-07-10T09:54:35Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034338247 |
| oclc_num | 1392138163 |
| open_access_boolean | |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR |
| physical | 1 Online-Ressource (46 Seiten)) |
| psigel | ZDB-1-WBA |
| publishDate | 1999 |
| publishDateSearch | 1999 |
| publishDateSort | 1999 |
| publisher | The World Bank |
| record_format | marc |
| spelling | Honohan, Patrick Verfasser aut Beyond Capital Ideals Restoring Banking Stability Honohan, Patrick Washington, D.C The World Bank 1999 1 Online-Ressource (46 Seiten)) txt rdacontent c rdamedia cr rdacarrier Hard on the heels of Mexico's crisis in 1994, a wave of financial crises swept across emerging economies - from East Asia and Russia to Brazil - bringing the fragility of banking and finance into unprecedented focus. What has gone wrong? - Caprio and Honohan examine why emerging markets, in particular, are susceptible to and affected by financial difficulties. They show that these difficulties have a richer, more complex structure than they are sometimes believed to have - with marked information asymmetries and substantial volatility. The sources of heightened regulatory failure in emerging markets in recent years include the volatility of real and nominal shocks, the difficulty of operating in uncharted territory after financial liberalization and other changes in regime, and the political pressures that can inhibit the enforcement of prudential regulation. Caprio and Honohan discuss what stronger regulation can and cannot accomplish, as well as options to improve the incentive structure for bankers, regulators, and other market participants. They probe the shortcomings of a regulatory paradigm that relies mainly on supervised capital adequacy and discuss the possible intermittent application of supplementary blunt instruments as an interim solution while longer-term reforms are being put in place. Certain well-worn messages remain valid, but are respected more in theory than in practice. There would be fewer problems, the authors say, if there were: · More diversification. · More balanced financial structures (for example, as between debt and equity). · More foreign banks in emerging markets' financial systems. · Better enforcement of both contracts and regulations. Participants in the financial sector will constantly try to get around rules that limit their profitability, so regulation must be seen as an evolutionary struggle. Prevention of financial failure is not costless, and a heavy repressive hand is not warranted. But a richer regulatory palette can be used to protect financial systems more successfully against crisis while preserving the systems' growth-enhancing effectiveness. This paper is a joint product of Finance, Development Research Group, and the Financial Sector Practice Department. The authors may be contacted at gcaprio@worldbank.org or phonohan@worldbank.org Online-Ausg Bank Bank Failures Bankers Banking Banking Crises Banking Stability Banks Banks and Banking Reform Capital Capital Adequacy Capital Flows Debt Markets Economies Emerging Markets Externalities Finance Finance and Financial Sector Development Financial Crises Financial Deepening Financial Literacy Financial Markets Financial Systems Inflation Infrastructure Private Sector Development Honohan, Patrick Sonstige oth Honohan, Patrick Beyond Capital Ideals http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Honohan, Patrick Beyond Capital Ideals Restoring Banking Stability Bank Bank Failures Bankers Banking Banking Crises Banking Stability Banks Banks and Banking Reform Capital Capital Adequacy Capital Flows Debt Markets Economies Emerging Markets Externalities Finance Finance and Financial Sector Development Financial Crises Financial Deepening Financial Literacy Financial Markets Financial Systems Inflation Infrastructure Private Sector Development |
| title | Beyond Capital Ideals Restoring Banking Stability |
| title_auth | Beyond Capital Ideals Restoring Banking Stability |
| title_exact_search | Beyond Capital Ideals Restoring Banking Stability |
| title_exact_search_txtP | Beyond Capital Ideals Restoring Banking Stability |
| title_full | Beyond Capital Ideals Restoring Banking Stability Honohan, Patrick |
| title_fullStr | Beyond Capital Ideals Restoring Banking Stability Honohan, Patrick |
| title_full_unstemmed | Beyond Capital Ideals Restoring Banking Stability Honohan, Patrick |
| title_short | Beyond Capital Ideals |
| title_sort | beyond capital ideals restoring banking stability |
| title_sub | Restoring Banking Stability |
| topic | Bank Bank Failures Bankers Banking Banking Crises Banking Stability Banks Banks and Banking Reform Capital Capital Adequacy Capital Flows Debt Markets Economies Emerging Markets Externalities Finance Finance and Financial Sector Development Financial Crises Financial Deepening Financial Literacy Financial Markets Financial Systems Inflation Infrastructure Private Sector Development |
| topic_facet | Bank Bank Failures Bankers Banking Banking Crises Banking Stability Banks Banks and Banking Reform Capital Capital Adequacy Capital Flows Debt Markets Economies Emerging Markets Externalities Finance Finance and Financial Sector Development Financial Crises Financial Deepening Financial Literacy Financial Markets Financial Systems Inflation Infrastructure Private Sector Development |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2235 |
| work_keys_str_mv | AT honohanpatrick beyondcapitalidealsrestoringbankingstability |