메뉴 건너뛰기




Volumn 49, Issue 8, 2005, Pages 2107-2136

Allocating bank regulatory powers: Lender of last resort, deposit insurance and supervision

Author keywords

Bank regulation and supervision; Deposit insurance; Lender of last resort

Indexed keywords

BANKING; INSURANCE INDUSTRY; LENDING BEHAVIOR; REGULATORY APPROACH;

EID: 27144543182     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.euroecorev.2004.10.004     Document Type: Article
Times cited : (66)

References (40)
  • 1
    • 84977720283 scopus 로고
    • Optimal bank reorganization policies and the pricing of federal deposit insurance
    • S. Acharya J.F. Dreyfus Optimal bank reorganization policies and the pricing of federal deposit insurance Journal of Finance 44 5 1989 1313-1333
    • (1989) Journal of Finance , vol.44 , Issue.5 , pp. 1313-1333
    • Acharya, S.1    Dreyfus, J.F.2
  • 2
    • 0000861766 scopus 로고
    • Forbearance and valuation of deposit insurance as a callable put
    • L. Allen A. Saunders Forbearance and valuation of deposit insurance as a callable put Journal of Banking and Finance 17 1993 629-643
    • (1993) Journal of Banking and Finance , vol.17 , pp. 629-643
    • Allen, L.1    Saunders, A.2
  • 4
    • 0003723460 scopus 로고    scopus 로고
    • The regulation and supervision of banks around the world: A new database
    • World Bank: Mimeo
    • J.R. Barth J. Caprio R. Levine The regulation and supervision of banks around the world: A new database 2001 Mimeo. World Bank
    • (2001)
    • Barth, J.R.1    Caprio, J.2    Levine, R.3
  • 5
    • 0034377201 scopus 로고    scopus 로고
    • Bankruptcy priority for bank deposits: A contract theoretic explanation
    • U.W. Birchler Bankruptcy priority for bank deposits: A contract theoretic explanation Review of Financial Studies 13 2000 813-839
    • (2000) Review of Financial Studies , vol.13 , pp. 813-839
    • Birchler, U.W.1
  • 6
    • 0000646935 scopus 로고
    • The role of demandable debt in structuring optimal banking arrangements
    • C.W. Calomiris C.M. Kahn The role of demandable debt in structuring optimal banking arrangements American Economic Review 81 3 1991 497-513
    • (1991) American Economic Review , vol.81 , Issue.3 , pp. 497-513
    • Calomiris, C.W.1    Kahn, C.M.2
  • 9
    • 0000237174 scopus 로고
    • The effects of closure policies on bank risk-taking
    • S.M. Davis D.A. McManus The effects of closure policies on bank risk-taking Journal of Banking and Finance 15 4-5 1991 917-938
    • (1991) Journal of Banking and Finance , vol.15 , Issue.4-5 , pp. 917-938
    • Davis, S.M.1    McManus, D.A.2
  • 11
    • 47749120440 scopus 로고
    • Financial intermediation and delegated monitoring
    • Diamond, D.W., 1984. Financial intermediation and delegated monitoring. Review of Economic Studies, 393-414
    • (1984) Review of Economic Studies , pp. 393-414
    • Diamond, D.W.1
  • 13
    • 0034988947 scopus 로고    scopus 로고
    • Liquidity risk, liquidity creation and financial fragility: A theory of banking
    • D.W. Diamond R.G. Rajan Liquidity risk, liquidity creation and financial fragility: A theory of banking Journal of Political Economy 109 2 1998 287-327
    • (1998) Journal of Political Economy , vol.109 , Issue.2 , pp. 287-327
    • Diamond, D.W.1    Rajan, R.G.2
  • 14
    • 0000772156 scopus 로고
    • Debt maturity and the deadweight cost of leverage: Optimally financing banking firms
    • M.J. Flannery Debt maturity and the deadweight cost of leverage: Optimally financing banking firms American Economic Review 84 1994 320-331
    • (1994) American Economic Review , vol.84 , pp. 320-331
    • Flannery, M.J.1
  • 15
    • 0039272301 scopus 로고    scopus 로고
    • Financial crises, payment systems problems, and discount window lending
    • M.J. Flannery Financial crises, payment systems problems, and discount window lending Journal of Money, Credit, and Banking 28 4 1996 804-824
    • (1996) Journal of Money, Credit, and Banking , vol.28 , Issue.4 , pp. 804-824
    • Flannery, M.J.1
  • 16
    • 0005353890 scopus 로고    scopus 로고
    • Optimal bail out policy, conditional and creative ambiguity
    • Financial Market Group Discussion Paper 237, London School of Economics
    • Freixas, X., 1999. Optimal bail out policy, conditional and creative ambiguity. Financial Market Group Discussion Paper 237, London School of Economics.
    • (1999)
    • Freixas, X.1
  • 17
    • 0032163856 scopus 로고    scopus 로고
    • Fair pricing of deposit insurance: Is it possible? Yes. Is it desirable? No
    • X. Freixas J.C. Rochet Fair pricing of deposit insurance: Is it possible? Yes. Is it desirable? No. Research in Economics 52 3 1998 217-232
    • (1998) Research in Economics , vol.52 , Issue.3 , pp. 217-232
    • Freixas, X.1    Rochet, J.C.2
  • 18
    • 0041029533 scopus 로고    scopus 로고
    • Systemic risk, interbank relations and liquidity provision by the central bank
    • X. Freixas B. Parigi J.C. Rochet Systemic risk, interbank relations and liquidity provision by the central bank Journal of Money, Credit, and Banking 32 3 2000 611-638
    • (2000) Journal of Money, Credit, and Banking , vol.32 , Issue.3 , pp. 611-638
    • Freixas, X.1    Parigi, B.2    Rochet, J.C.3
  • 19
    • 0031116756 scopus 로고    scopus 로고
    • Optimal bank reorganization and the fair pricing of deposit guarantees
    • S. Fries P.M. Barral W. Perraudin Optimal bank reorganization and the fair pricing of deposit guarantees Journal of Banking and Finance 21 1997 441-468
    • (1997) Journal of Banking and Finance , vol.21 , pp. 441-468
    • Fries, S.1    Barral, P.M.2    Perraudin, W.3
  • 20
    • 27144467917 scopus 로고
    • Federal Reserve lending to banks that failed: Implications for the Bank Insurance Fund
    • R.A. Gilbert Federal Reserve lending to banks that failed: Implications for the Bank Insurance Fund Federal Reserve Bank of St. Louis Review 76 1 1994 3-18 18
    • (1994) Federal Reserve Bank of St. Louis Review , vol.76 , Issue.1 , pp. 3-18
    • Gilbert, R.A.1
  • 22
    • 27144556298 scopus 로고    scopus 로고
    • Institutional separation between supervisory and monetary agencies
    • C. Goodhart (Ed.) Central Banking Publications Ltd London
    • C. Goodhart D. Schoenmaker Institutional separation between supervisory and monetary agencies In: C. Goodhart (Ed.) The Emerging Framework of Financial Regulation 1998 Central Banking Publications Ltd London
    • (1998) The Emerging Framework of Financial Regulation
    • Goodhart, C.1    Schoenmaker, D.2
  • 25
    • 85081854890 scopus 로고    scopus 로고
    • Allocating the lender of last resort and supervision in the euro area
    • Alexander, V., Mélitz, J., von Furstenberg, G.M. (Eds.) Oxford University Press, London (Chapter 17)
    • Kahn, C.M., Santos, J.A.C., 2004. Allocating the lender of last resort and supervision in the euro area. In: Alexander, V., Mélitz, J., von Furstenberg, G.M. (Eds.), Monetary Unions and Hard Pegs-Effects on Trade, Financial Development, and Stability. Oxford University Press, London (Chapter 17).
    • (2004) Monetary Unions and Hard Pegs-Effects on Trade, Financial Development, and Stability
    • Kahn, C.M.1    Santos, J.A.C.2
  • 26
    • 0039159441 scopus 로고
    • Deposit insurance and the discount window: Pricing under asymmetric information
    • G. Kanatas Deposit insurance and the discount window: Pricing under asymmetric information Journal of Finance 41 2 1986 437-450 450
    • (1986) Journal of Finance , vol.41 , Issue.2 , pp. 437-450
    • Kanatas, G.1
  • 27
    • 84977703755 scopus 로고
    • Principal-agent problems in S&L salvage
    • E.J. Kane Principal-agent problems in S&L salvage Journal of Finance 45 3 1990 755-764
    • (1990) Journal of Finance , vol.45 , Issue.3 , pp. 755-764
    • Kane, E.J.1
  • 28
    • 0000600381 scopus 로고
    • Deposit insurance and bank regulation: A partial-equilibrium exposition
    • J.H. Kareken N. Wallace Deposit insurance and bank regulation: A partial-equilibrium exposition Journal of Business 51 1978 413-438
    • (1978) Journal of Business , vol.51 , pp. 413-438
    • Kareken, J.H.1    Wallace, N.2
  • 30
    • 0042509800 scopus 로고
    • An analytic derivation of the cost of deposit insurance and loan guarantees
    • R.C. Merton An analytic derivation of the cost of deposit insurance and loan guarantees Journal of Banking and Finance 1 1977 512-520
    • (1977) Journal of Banking and Finance , vol.1 , pp. 512-520
    • Merton, R.C.1
  • 32
    • 38249037293 scopus 로고
    • Alternative forms of deposit insurance: Pricing and bank incentive issues
    • G.G. Pennacchi Alternative forms of deposit insurance: Pricing and bank incentive issues Journal of Banking and Finance 11 1987 291-312
    • (1987) Journal of Banking and Finance , vol.11 , pp. 291-312
    • Pennacchi, G.G.1
  • 33
    • 34250333686 scopus 로고    scopus 로고
    • Financial stability in European economic and monetary union
    • C.A.E. Goodhart (Ed.) Central Banking Publications London
    • A. Prati G.J. Schinasi Financial stability in European economic and monetary union In: C.A.E. Goodhart (Ed.) Which Lender of Last Resort for Europe? 1999 Central Banking Publications London 169-174
    • (1999) Which Lender of Last Resort for Europe? , pp. 169-174
    • Prati, A.1    Schinasi, G.J.2
  • 34
    • 0040195960 scopus 로고    scopus 로고
    • Who should act as a lender of last resort? An incomplete contracts model
    • R. Repullo Who should act as a lender of last resort? An incomplete contracts model Journal of Money Credit and Banking 32 3 2000 580-605
    • (2000) Journal of Money Credit and Banking , vol.32 , Issue.3 , pp. 580-605
    • Repullo, R.1
  • 35
    • 0012280667 scopus 로고    scopus 로고
    • Co-ordination failures and the lender of last resort: Was Bagehot right after all?
    • CEPR Discussion Paper 3233
    • Rochet, J.C., Vives, X., 2002. Co-ordination failures and the lender of last resort: Was Bagehot right after all? CEPR Discussion Paper 3233.
    • (2002)
    • Rochet, J.C.1    Vives, X.2
  • 36
  • 37
    • 0345008200 scopus 로고    scopus 로고
    • Bank capital regulation in contemporary banking theory: A review of the literature
    • J.A.C. Santos Bank capital regulation in contemporary banking theory: A review of the literature Financial Markets, Institutions and Instruments 10 2 2001 41-84
    • (2001) Financial Markets, Institutions and Instruments , vol.10 , Issue.2 , pp. 41-84
    • Santos, J.A.C.1
  • 38
    • 0039012049 scopus 로고    scopus 로고
    • Deposit insurance and lender of last resort functions
    • C. Sleet B.D. Smith Deposit insurance and lender of last resort functions Journal of Money Credit and Banking 32 3 2000 518-575
    • (2000) Journal of Money Credit and Banking , vol.32 , Issue.3 , pp. 518-575
    • Sleet, C.1    Smith, B.D.2
  • 39
    • 0347536037 scopus 로고
    • An analysis of Federal Reserve discount window loans to failed institutions
    • US House of Representatives Committee on Banking, Finance and Urban Affairs, Washington DC
    • US House of Representatives, 1991. An analysis of Federal Reserve discount window loans to failed institutions. Committee on Banking, Finance and Urban Affairs, Washington DC.
    • (1991)
  • 40
    • 0035606532 scopus 로고    scopus 로고
    • Restructuring financial regulation in the European Monetary Union
    • X. Vives Restructuring financial regulation in the European Monetary Union Journal of Financial Services Research 19 1 2001 57-82
    • (2001) Journal of Financial Services Research , vol.19 , Issue.1 , pp. 57-82
    • Vives, X.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.