Market Discipline of Banks: The Asset Test

Journal of Financial Services Research

Volumn 20, Issue 2-3, 2001, Pages 195-208

  Morgan, Donald P ^a   Stiroh, Kevin J ^a  

^a FEDERAL RESERVE BANK OF NEW YORK   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0035634830     PISSN: 09208550     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1012464108248     Document Type: Article

References (17)

1. Avery, R., T. Belton, and M. Goldberg. "Market Discipline in Regulating Bank Risk: New Evidence from the Capital Markets." Journal of Money, Credit, and Banking (1988), 597-619.
2. Basle Committee on Banking Supervision, "New Capital Adequacy Framework." Basel, Switzerland, June 1999.
3. Benink, Harold, and Charles Calomiris. "Pushing for a Sub Debt Requirement." The Banker (1999), 17-18.
4. Berger, Allen, Sally Davies, and Mark Flannery. "Comparing Market and Supervisory Assessments of Bank Performance: Who Knows What When?" Journal of Money, Credit, and Banking (2000), 641-667.
5. Black, Sandra, and Donald P. Morgan. "Meet the New Borrowers." Current Issues in Economics and Finance, Federal Reserve Bank of New York (1999).
6. Bliss, Robert and Mark Flannery. "Market Discipline in the Governance of U.S. Bank Holding Companies: Monitoring vs. Influencing." Working Paper, Federal Reserve Bank of Chicago (2000).
7. Calomiris, Charles. The Postmodern Bank Safety Net. Washington DC: American Enterprise Institute, 1997.
8. Cantor, R., and F. Packer. "The Credit Rating Industry." Federal Reserve Bank of New York Quarterly Review (Summer/Fall 1994), 1-26.
9. Demsetz, Rebecca S., and Philip E. Strahan. "Diversification, Size, and Risk at Bank Holding Companies." Journal of Money, Credit, and Banking 29 (1997), 300-314.
10. Flannery, Mark J. "Using Market Information in Prudential Bank Supervision: A Review of the U.S. Empirical Evidence." Journal of Money, Credit, and Banking 30 (1998), 273-305.
11. Flannery, Mark J., and Sorin M. Sorescu. "Evidence of Bank Market Discipline in Subordinated Debenture Yields." Journal of Finance 51 (1996), 1347-1377.
12. Hentschel, L., and C. Smith. "Derivatives Regulation: Implications for Central Banks." Monetary Policy and Financial Markets. Studienzentrum Gerzensee (1996).
13. Jagtiani, Julapa, George Kaufman, and Catharine Lemieux. "Do Markets Discipline Banks and Bank Holding Companies? Evidence from Debt Pricing." Federal Reserve Bank of Chicago, Supervision and Regulation Department. S&R-99-3R (2000).
14. Morgan, Donald P., "Rating Banks: Risk and Uncertainty in an Opaque Industry." American Economic Review (forthcoming 1999).
15. Morgan, Donald P., and Kevin J. Stiroh. "Bond Market Discipline of Banks: Is the Market Tough Enough?" Federal Reserve Bank of New York Staff Report, no. 95 (2000).
16. Morgan, Donald P., and Ian Toll. "Bad Debt Rising." Current Issues in Economics and Finance, Federal Reserve Bank of New York, 3 (1997).
17. Myers, S., and R. Rajan. "The Paradox of Liquidity." Quarterly Journal of Economics 113 (1998), 733-773.