Market discipline across countries and industries /:

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...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Weitere Verfasser: Borio, C. E. V.
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cambridge, MA : MIT Press, 2004.
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung: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.
Beschreibung: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.
Beschreibung:1 online resource (xii, 449 pages) : illustrations
Bibliographie:Includes bibliographical references and index.
ISBN:9780262269032
0262269031
1417575077
9781417575077
0262025752
9780262025751
0262292157
9780262292153

Es ist kein Print-Exemplar vorhanden.

Volltext öffnen