메뉴 건너뛰기




Volumn 35, Issue 6, 2011, Pages 1552-1562

Market discipline, financial crisis and regulatory changes: Evidence from Indonesian banks

Author keywords

Bank risk taking; Blanket guarantee; Capital regulation; Limited guarantee; Market discipline; Regulatory changes

Indexed keywords


EID: 79955673916     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2010.11.003     Document Type: Article
Times cited : (91)

References (32)
  • 1
    • 84881844837 scopus 로고
    • Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations
    • Arellano M., Bond S. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Reviews of Economic Studies 1991, 58:277-297.
    • (1991) Reviews of Economic Studies , vol.58 , pp. 277-297
    • Arellano, M.1    Bond, S.2
  • 2
    • 58149364940 scopus 로고
    • Another look at the instrumental variable estimation of error-component models
    • Arellano M., Bover O. Another look at the instrumental variable estimation of error-component models. Journal of Econometrics 1995, 68:29-51.
    • (1995) Journal of Econometrics , vol.68 , pp. 29-51
    • Arellano, M.1    Bover, O.2
  • 3
    • 76049101474 scopus 로고    scopus 로고
    • On the implications of market power in banking: evidence from developing countries
    • Ariss R.T. On the implications of market power in banking: evidence from developing countries. Journal of Banking and Finance 2010, 34:765-775.
    • (2010) Journal of Banking and Finance , vol.34 , pp. 765-775
    • Ariss, R.T.1
  • 5
    • 79955669283 scopus 로고    scopus 로고
    • Basel Committee on Banking Supervision, 2001. The New Basel Capital Accord.
    • Basel Committee on Banking Supervision, 2001. The New Basel Capital Accord. http://www.bis.org/publ/bcbsca02.pdf.
  • 6
    • 0001438979 scopus 로고    scopus 로고
    • Initial conditions and moment restrictions in dynamic panel data models
    • Blundell R., Bond S. Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics 1998, 87:115-143.
    • (1998) Journal of Econometrics , vol.87 , pp. 115-143
    • Blundell, R.1    Bond, S.2
  • 7
    • 56749154409 scopus 로고    scopus 로고
    • Credit risk drivers: evaluating the contribution of firm level information and of macroeconomic dynamics
    • Bonfim D. Credit risk drivers: evaluating the contribution of firm level information and of macroeconomic dynamics. Journal of Banking and Finance 2009, 33:281-299.
    • (2009) Journal of Banking and Finance , vol.33 , pp. 281-299
    • Bonfim, D.1
  • 8
    • 79955673591 scopus 로고    scopus 로고
    • Bank Risk Taking and Competition Revisited: New Theory and New Evidence. Working Paper, IMF, WP/06/297.
    • Boyd, J., De Nicolò, G., Jalal, A.M, 2006. Bank Risk Taking and Competition Revisited: New Theory and New Evidence. Working Paper, IMF, WP/06/297.
    • (2006)
    • Boyd, J.1    De Nicolò, G.2    Jalal, A.M.3
  • 9
    • 79955673424 scopus 로고    scopus 로고
    • Can the unsophisticated market provide discipline? Policy Research Working Paper 3364, World Bank.
    • Caprio Jr., G., Honohan, P., 2004. Can the unsophisticated market provide discipline? Policy Research Working Paper 3364, World Bank.
    • (2004)
    • Caprio Jr., G.1    Honohan, P.2
  • 11
    • 79953726821 scopus 로고    scopus 로고
    • Market discipline in the Brazilian banking industry: an analysis for the subordinated debt holders
    • De Mendonça H.F., Loures R.F.V. Market discipline in the Brazilian banking industry: an analysis for the subordinated debt holders. Journal of Regulatory Economics 2009, 36:286-307.
    • (2009) Journal of Regulatory Economics , vol.36 , pp. 286-307
    • De Mendonça, H.F.1    Loures, R.F.V.2
  • 13
    • 77953539414 scopus 로고    scopus 로고
    • How resilient is the German banking system to macroeconomic shocks?
    • Dovern J., Meier C.-P., Vilsmeier J. How resilient is the German banking system to macroeconomic shocks?. Journal of Banking and Finance 2010, 34:1839-1848.
    • (2010) Journal of Banking and Finance , vol.34 , pp. 1839-1848
    • Dovern, J.1    Meier, C.-P.2    Vilsmeier, J.3
  • 14
    • 79955667878 scopus 로고    scopus 로고
    • Indonesia - Anatomy of a Banking Crisis: Two Years of Living Dangerously 1997-1999. Working Paper, IMF, WP/01/52.
    • Enoch, C., Baldwin, B., Frėcaut, O., Kovanen, A., 2001. Indonesia - Anatomy of a Banking Crisis: Two Years of Living Dangerously 1997-1999. Working Paper, IMF, WP/01/52.
    • (2001)
    • Enoch, C.1    Baldwin, B.2    Frecaut, O.3    Kovanen, A.4
  • 15
    • 0037647368 scopus 로고    scopus 로고
    • Evidence of bank market discipline in subordinated debenture yields: 1983-1991
    • Flannery M.J., Sorescu S.M. Evidence of bank market discipline in subordinated debenture yields: 1983-1991. Journal of Finance 1996, 51:1347-1377.
    • (1996) Journal of Finance , vol.51 , pp. 1347-1377
    • Flannery, M.J.1    Sorescu, S.M.2
  • 16
    • 75849123360 scopus 로고    scopus 로고
    • How bank capital buffers vary across countries: the influence of cost of deposits, market power and bank regulation
    • Fonseca A.R., González F. How bank capital buffers vary across countries: the influence of cost of deposits, market power and bank regulation. Journal of Banking and Finance 2010, 34:892-902.
    • (2010) Journal of Banking and Finance , vol.34 , pp. 892-902
    • Fonseca, A.R.1    González, F.2
  • 17
    • 0030242113 scopus 로고    scopus 로고
    • Response of uninsured depositors to impending S&L failures: evidence of depositors discipline
    • Goldberg L., Hudgins S. Response of uninsured depositors to impending S&L failures: evidence of depositors discipline. Quarterly Review of Economics and Finance 1996, 36:311-325.
    • (1996) Quarterly Review of Economics and Finance , vol.36 , pp. 311-325
    • Goldberg, L.1    Hudgins, S.2
  • 18
    • 0037272349 scopus 로고    scopus 로고
    • Bank moral hazard and the introduction of official deposit insurance in Canada
    • Gueyie J.-P., Lai V.S. Bank moral hazard and the introduction of official deposit insurance in Canada. International Review of Economics and Finance 2003, 12:247-273.
    • (2003) International Review of Economics and Finance , vol.12 , pp. 247-273
    • Gueyie, J.-P.1    Lai, V.S.2
  • 20
    • 79955657328 scopus 로고    scopus 로고
    • Market discipline to banks in Indonesia, the Republic of Korea, Malaysia and Thailand. A Paper Presented at the Asian Development Bank Institute (ADBI) Conference held on 20-21 January 2005.
    • Hosono, K., 2005. Market discipline to banks in Indonesia, the Republic of Korea, Malaysia and Thailand. A Paper Presented at the Asian Development Bank Institute (ADBI) Conference held on 20-21 January 2005. http://www.adbi.org/conf-seminar-papers/2005/07/27/1297.market.discipline.banks/.
    • (2005)
    • Hosono, K.1
  • 21
    • 79955668056 scopus 로고    scopus 로고
    • Banking Crises, Deposit Insurance, and Market Discipline: Lessons from the Asian Crises. RIETI Discussion Paper Series 05-E-029
    • Hosono, K., Iwaki, H., Tsuru, K., 2005. Banking Crises, Deposit Insurance, and Market Discipline: Lessons from the Asian Crises. RIETI Discussion Paper Series 05-E-029. http://www.rieti.go.jp/jp/publications/dp/05e29.pdf.
    • (2005)
    • Hosono, K.1    Iwaki, H.2    Tsuru, K.3
  • 22
    • 70350070887 scopus 로고    scopus 로고
    • The pricing of deposit insurance considering bankruptcy costs and closure policies
    • Hwang D.-Y., Shie F.-S., Wang K., Lin J.-C. The pricing of deposit insurance considering bankruptcy costs and closure policies. Journal of Banking and Finance 2009, 33:1909-1919.
    • (2009) Journal of Banking and Finance , vol.33 , pp. 1909-1919
    • Hwang, D.-Y.1    Shie, F.-S.2    Wang, K.3    Lin, J.-C.4
  • 23
    • 0034381174 scopus 로고    scopus 로고
    • Depositor discipline at failing banks
    • April
    • Jordan J.S. Depositor discipline at failing banks. New England Economic Review 2000, March/April:15-28.
    • (2000) New England Economic Review , Issue.MARCH , pp. 15-28
    • Jordan, J.S.1
  • 24
    • 77952450709 scopus 로고    scopus 로고
    • An empirical study of depositor sensitivity to bank risk
    • Khorassani J. An empirical study of depositor sensitivity to bank risk. Journal of Economics and Finance 2000, 24:15-27.
    • (2000) Journal of Economics and Finance , vol.24 , pp. 15-27
    • Khorassani, J.1
  • 25
    • 79955662482 scopus 로고    scopus 로고
    • Ketentuan blanket guarantee dan kemungkinan penggantiannya dengan deposit protection scheme [Blanket guarantee regulation and the possibility of its replacement with a deposit protection scheme]
    • Kusumaningtuti S.S. Ketentuan blanket guarantee dan kemungkinan penggantiannya dengan deposit protection scheme [Blanket guarantee regulation and the possibility of its replacement with a deposit protection scheme]. Bank Indonesia, Buletin Ekonomi Moneter dan Perbankan 1998, 1:151-186.
    • (1998) Bank Indonesia, Buletin Ekonomi Moneter dan Perbankan , vol.1 , pp. 151-186
    • Kusumaningtuti, S.S.1
  • 26
    • 79955672911 scopus 로고    scopus 로고
    • Dynamic Depositor Discipline in US Banks. Working Paper, IMF, WP/03/226.
    • Maechler, A.M., McDill, K.M., 2003. Dynamic Depositor Discipline in US Banks. Working Paper, IMF, WP/03/226.
    • (2003)
    • Maechler, A.M.1    McDill, K.M.2
  • 27
    • 56749175095 scopus 로고    scopus 로고
    • Explaining bank distress in Eastern European transition economies
    • Männasoo K., Mayes D.G. Explaining bank distress in Eastern European transition economies. Journal of Banking and Finance 2009, 33:244-253.
    • (2009) Journal of Banking and Finance , vol.33 , pp. 244-253
    • Männasoo, K.1    Mayes, D.G.2
  • 28
    • 0039923092 scopus 로고    scopus 로고
    • Do depositors punish banks for bad behavior? Market discipline, deposit insurance and banking crises
    • Martínez-Peria M.S., Schmukler S.L. Do depositors punish banks for bad behavior? Market discipline, deposit insurance and banking crises. Journal of Finance 2001, 56:1029-1051.
    • (2001) Journal of Finance , vol.56 , pp. 1029-1051
    • Martínez-Peria, M.S.1    Schmukler, S.L.2
  • 29
    • 79955664975 scopus 로고    scopus 로고
    • "Too-big-to-fail" or full deposit insurance: evidence from Turkey. Paper presented at "Finance and Banking: New Perspective" A Conference Sponsored by the FDIC and the Journal of Financial Services Research, 5-6 December 2003.
    • Önder, Z., Özyildirim, S., 2003. "Too-big-to-fail" or full deposit insurance: evidence from Turkey. Paper presented at "Finance and Banking: New Perspective" A Conference Sponsored by the FDIC and the Journal of Financial Services Research, 5-6 December 2003.
    • (2003)
    • Önder, Z.1    Özyildirim, S.2
  • 30
    • 0039467956 scopus 로고
    • Market discipline by depositors: evidence from reduced form equations
    • Park S. Market discipline by depositors: evidence from reduced form equations. Quarterly Review of Economics and Finance 1995, 35:497-514.
    • (1995) Quarterly Review of Economics and Finance , vol.35 , pp. 497-514
    • Park, S.1
  • 32
    • 79955656263 scopus 로고    scopus 로고
    • The Impact of Bank Capital Requirements in Indonesia. Working Paper, Loughborough University.
    • Yudistira, D., 2002. The Impact of Bank Capital Requirements in Indonesia. Working Paper, Loughborough University.
    • (2002)
    • Yudistira, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.