메뉴 건너뛰기




Volumn 32, Issue 3, 2004, Pages 519-541

Was there an implicit full guarantee at financial institutions in Thailand? Evidence of risk pricing by depositors

Author keywords

[No Author keywords available]

Indexed keywords


EID: 9144232076     PISSN: 01475967     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jce.2004.05.003     Document Type: Article
Times cited : (21)

References (42)
  • 1
    • 9144222089 scopus 로고
    • Financial institutions: Crises and their resolution, 50 years of the Bank of Thailand 1942-1992
    • Bangkok, Thailand: Amarin Printing Group Co., Bank of Thailand (BOT)
    • Bank of Thailand (BOT) Financial institutions: Crises and their resolution, 50 years of the Bank of Thailand 1942-1992 1992 Amarin Printing Group Co. Bangkok, Thailand
    • (1992)
  • 2
    • 9144222665 scopus 로고
    • Commercial Banking Act 1992
    • Bank of Thailand (BOT) Amended June 1, 1993
    • Bank of Thailand (BOT) 1992b. Commercial Banking Act 1992. Amended June 1, 1993
    • (1992)
  • 3
    • 0008371458 scopus 로고    scopus 로고
    • Financial institutions and markets in Thailand
    • Money and Finance Section, Financial System and Development Section, Economic Research Department, Bank of Thailand (BOT)
    • Bank of Thailand (BOT) Financial institutions and markets in Thailand 1998 Money and Finance Section, Financial System and Development Section, Economic Research Department
    • (1998)
  • 4
    • 9144243002 scopus 로고    scopus 로고
    • Depositor behavior and market discipline in Columbia
    • Working paper WP/00/214. International Monetary Fund, December
    • Barajas Adolfo Steiner Roberto 2000. Depositor behavior and market discipline in Columbia. Working paper WP/00/214. International Monetary Fund, December
    • (2000)
    • Barajas, A.1    Steiner, R.2
  • 6
    • 0041744793 scopus 로고    scopus 로고
    • Market discipline and subordinated debt: A review of some salient issues
    • Federal Reserve Bank of Chicago, 1st Quarter
    • Bliss Robert R. Market discipline and subordinated debt: A review of some salient issues Economic Perspectives 2001 24-45 Federal Reserve Bank of Chicago 1st Quarter
    • (2001) Economic Perspectives , pp. 24-45
    • Bliss, R.R.1
  • 7
    • 0000606154 scopus 로고    scopus 로고
    • Market discipline in the governance of US bank-holding companies: Monitoring vs. influencing
    • Fr ed Mishkin (Ed.), : Univ. of Chicago Press
    • Bliss Robert R. Flannery Mark J. Market discipline in the governance of US bank-holding companies: Monitoring vs. influencing In: Mishkin Frederic S. (Ed.) Prudential Supervision: What Works and What Doesn't 2001 Univ. of Chicago Press
    • (2001) Prudential Supervision: What Works and What Doesn't
    • Bliss, R.R.1    Flannery, M.J.2
  • 8
    • 0004935971 scopus 로고    scopus 로고
    • Understanding the Korean and Thai crises
    • Federal Reserve Bank of Chicago, 3rd Quarter
    • Burnside Craig Eichenbaum Martin Rebelo Sergio Understanding the Korean and Thai crises In: Economic Perspectives 2000 45-60 Federal Reserve Bank of Chicago 3rd Quarter
    • (2000) Economic Perspectives , pp. 45-60
    • Burnside, C.1    Eichenbaum, M.2    Rebelo, S.3
  • 9
    • 1142289623 scopus 로고    scopus 로고
    • Can emerging market bank regulators establish credible discipline? The case of Argentina, 1992-1999
    • Fr ed Mishkin (Ed.), : Univ. of Chicago Press
    • Calomiris Charles W. Powell Andrew Can emerging market bank regulators establish credible discipline? The case of Argentina, 1992-1999 In: Mishkin Frederic S. (Ed.) Prudential Supervision: What Works and What Doesn't 2001 Univ. of Chicago Press
    • (2001) Prudential Supervision: What Works and What Doesn't
    • Calomiris, C.W.1    Powell, A.2
  • 10
    • 0009806438 scopus 로고    scopus 로고
    • A model of financial crises in emerging markets
    • Chang Roberto Velasco Andres A model of financial crises in emerging markets Quarterly Journal of Economics 116 2 2001 489-517
    • (2001) Quarterly Journal of Economics , vol.116 , Issue.2 , pp. 489-517
    • Chang, R.1    Velasco, A.2
  • 11
    • 0003798566 scopus 로고    scopus 로고
    • International capital inflows, domestic financial intermediation and financial crises under imperfect information
    • Working paper 7902. National Bureau of Economic Research, September
    • Chinn Menzie D. Kletzer Kenneth M. 2000. International capital inflows, domestic financial intermediation and financial crises under imperfect information. Working paper 7902. National Bureau of Economic Research, September
    • (2000)
    • Chinn, M.D.1    Kletzer, K.M.2
  • 12
    • 0033209128 scopus 로고    scopus 로고
    • What caused the Asian currency and financial crisis?
    • Corsetti Giancarlo Pesenti Paolo Roubini Nouriel What caused the Asian currency and financial crisis? Japan and the World Economy 11 3 1999 305-373
    • (1999) Japan and the World Economy , vol.11 , Issue.3 , pp. 305-373
    • Corsetti, G.1    Pesenti, P.2    Roubini, N.3
  • 13
    • 0347913929 scopus 로고    scopus 로고
    • Macroeconomic impact of policy response
    • Alex William, Jeff Davis, Li am Ebrill, & Carl Lindgren (Eds.), International Monetary Fund, Chapter 1
    • Daniel James Saal Matthew Macroeconomic impact of policy response Chapter 1 in: William Alexander Davis Jeffrey M. Ebrill Liam P. Lindgren Carl-Johan (Eds.) Systemic Bank Restructuring and Macroeconomic Policy 1997 11 International Monetary Fund
    • (1997) Systemic Bank Restructuring and Macroeconomic Policy , pp. 11
    • Daniel, J.1    Saal, M.2
  • 14
    • 0042770576 scopus 로고    scopus 로고
    • Market discipline and bank certificates of deposit: Evidence from Chile
    • Board of Governors of the Federal Reserve System
    • Davies Sally Robitaille Patrice Market discipline and bank certificates of deposit: Evidence from Chile 1997 Board of Governors of the Federal Reserve System
    • (1997)
    • Davies, S.1    Robitaille, P.2
  • 17
    • 85010390101 scopus 로고
    • Bank runs, liquidity, and deposit insurance
    • Diamond Douglas Dybvig Philip Bank runs, liquidity, and deposit insurance Journal of Political Economy 91 1982 401-419
    • (1982) Journal of Political Economy , vol.91 , pp. 401-419
    • Diamond, D.1    Dybvig, P.2
  • 18
    • 0033954896 scopus 로고    scopus 로고
    • A model of crises in emerging markets
    • Dooley Michael A model of crises in emerging markets Economic Journal 110 460 2000 256-272
    • (2000) Economic Journal , vol.110 , Issue.460 , pp. 256-272
    • Dooley, M.1
  • 19
    • 44049112849 scopus 로고
    • Does the debt market assess large banks' risk? Time series evidence from money center CDs
    • Ellis David M. Flannery Mark J. Does the debt market assess large banks' risk? Time series evidence from money center CDs Journal of Monetary Economics 30 1992 481-502
    • (1992) Journal of Monetary Economics , vol.30 , pp. 481-502
    • Ellis, D.M.1    Flannery, M.J.2
  • 20
    • 0041181132 scopus 로고    scopus 로고
    • Using market information in prudential bank supervision: A review of the US empirical evidence
    • Flannery Mark J. Using market information in prudential bank supervision: A review of the US empirical evidence Journal of Money, Credit, and Banking 30 3 1998 273-305
    • (1998) Journal of Money, Credit, and Banking , vol.30 , Issue.3 , pp. 273-305
    • Flannery, M.J.1
  • 21
    • 0037647368 scopus 로고    scopus 로고
    • Evidence of bank market discipline in subordinated debenture yields: 1983-1991
    • Flannery Mark J. Sorescu Sorin M. Evidence of bank market discipline in subordinated debenture yields: 1983-1991 Journal of Finance 51 4 1996 1347-1377
    • (1996) Journal of Finance , vol.51 , Issue.4 , pp. 1347-1377
    • Flannery, M.J.1    Sorescu, S.M.2
  • 22
    • 0000306885 scopus 로고
    • Bank insolvency risk and the market for large certificates of deposit
    • Hannan Timothy H. Hanweck Gerald A. Bank insolvency risk and the market for large certificates of deposit Journal of Money, Credit, and Banking 1988 203-211
    • (1988) Journal of Money, Credit, and Banking , pp. 203-211
    • Hannan, T.H.1    Hanweck, G.A.2
  • 23
    • 0036745841 scopus 로고    scopus 로고
    • Deposit insurance and moral hazard: Evidence from Texas banking in the 1920s
    • Hooks Linda M. Robinson Kenneth J. Deposit insurance and moral hazard: Evidence from Texas banking in the 1920s Journal of Economic History 62 3 2002 833-853
    • (2002) Journal of Economic History , vol.62 , Issue.3 , pp. 833-853
    • Hooks, L.M.1    Robinson, K.J.2
  • 24
    • 0039624712 scopus 로고    scopus 로고
    • The twin crises: The causes of banking and balance-of-payments problems
    • Kaminsky Graciela Reinhart Carmen The twin crises: The causes of banking and balance-of-payments problems American Economic Review 89 1999
    • (1999) American Economic Review , vol.89
    • Kaminsky, G.1    Reinhart, C.2
  • 25
    • 0036187550 scopus 로고    scopus 로고
    • Estimating the value of implicit government guarantees to Thai banks
    • Kaplan-Appio Idanna Estimating the value of implicit government guarantees to Thai banks Review of International Economics 10 1 2002 26-35
    • (2002) Review of International Economics , vol.10 , Issue.1 , pp. 26-35
    • Kaplan-Appio, I.1
  • 27
    • 0004253434 scopus 로고    scopus 로고
    • What happened to Asia?
    • Available from , January
    • Krugman Paul What happened to Asia? Available from http://web.mit.edu/krugman/www/disinter.html January
    • Krugman, P.1
  • 28
    • 0033466311 scopus 로고    scopus 로고
    • Globalization and Thailand's financial crisis
    • Leightner Jonathan E. Globalization and Thailand's financial crisis Journal of Economic Issues 33 2 1999 367-373
    • (1999) Journal of Economic Issues , vol.33 , Issue.2 , pp. 367-373
    • Leightner, J.E.1
  • 29
    • 0012861264 scopus 로고    scopus 로고
    • The efficiency of the Thai banking system
    • Unpublished working paper. World Bank, July
    • Laeven Luc 1999. The efficiency of the Thai banking system. Unpublished working paper. World Bank, July
    • (1999)
    • Laeven, L.1
  • 30
    • 0006188378 scopus 로고    scopus 로고
    • Banking risks around the world: The implicit safety net subsidy approach
    • Working paper No. 2473. World Bank
    • Laeven Luc 2000. Banking risks around the world: The implicit safety net subsidy approach. Working paper No. 2473. World Bank
    • (2000)
    • Laeven, L.1
  • 31
    • 0142194922 scopus 로고    scopus 로고
    • Understanding the Asian crisis: Systematic risk as coordination failure
    • Federal Reserve Bank of Chicago
    • Marshall David Understanding the Asian crisis: Systematic risk as coordination failure In: Economic Perspectives 1998 13-28 Federal Reserve Bank of Chicago
    • (1998) Economic Perspectives , pp. 13-28
    • Marshall, D.1
  • 32
    • 0008073875 scopus 로고    scopus 로고
    • Lessons from the Asian crisis
    • Working paper 7102. National Bureau of Economic Research
    • Mishkin Frederic S. 1999. Lessons from the Asian crisis. Working paper 7102. National Bureau of Economic Research
    • (1999)
    • Mishkin, F.S.1
  • 33
    • 0033446804 scopus 로고    scopus 로고
    • Bank time deposit rates and market discipline in Poland: The impact of state ownership and deposit insurance reform
    • Mondschean Thomas S. Opiela Timothy P. Bank time deposit rates and market discipline in Poland: The impact of state ownership and deposit insurance reform Journal of Financial Services Research 15 3 1999 179-196
    • (1999) Journal of Financial Services Research , vol.15 , Issue.3 , pp. 179-196
    • Mondschean, T.S.1    Opiela, T.P.2
  • 34
    • 9144223735 scopus 로고    scopus 로고
    • Market discipline, disclosure and moral hazard in banking
    • Federal Reserve Bank of Chicago The 39th Annual Conference on Bank Structure and Competition Federal Reserve Bank of Chicago May. Proceedings
    • Neir Erlend Baumann Ursel Market discipline, disclosure and moral hazard in banking In: Corporate Governance: Implications for Financial Services Firms. The 39th Annual Conference on Bank Structure and Competition 2003 261-277 Federal Reserve Bank of Chicago May. Proceedings
    • (2003) Corporate Governance: Implications for Financial Services Firms , pp. 261-277
    • Neir, E.1    Baumann, U.2
  • 36
    • 9144266381 scopus 로고    scopus 로고
    • The effects of systemic risk on deposit market monitoring
    • Unpublished manuscript. May
    • Opiela Timothy P. 2004a. The effects of systemic risk on deposit market monitoring. Unpublished manuscript. May
    • (2004)
    • Opiela, T.P.1
  • 37
    • 9144224864 scopus 로고    scopus 로고
    • Market monitoring, market influence and the governance of Thai financial institutions
    • Unpublished manuscript
    • Opiela Timothy P. 2004b. Market monitoring, market influence and the governance of Thai financial institutions. Unpublished manuscript
    • (2004)
    • Opiela, T.P.1
  • 38
    • 0039923092 scopus 로고    scopus 로고
    • Do depositors punish banks for 'bad' behavior? Examining market discipline in Argentina, Chile and Mexico
    • Peria Maria Martinez Soledad Schmukler Sergio L. Do depositors punish banks for 'bad' behavior? Examining market discipline in Argentina, Chile and Mexico Journal of Finance LVI 3 2001 1029-1051
    • (2001) Journal of Finance , vol.56 , Issue.3 , pp. 1029-1051
    • Peria, M.1    Martinez, S.2    Schmukler, S.L.3
  • 39
    • 0037649659 scopus 로고    scopus 로고
    • The economics of currency crises and contagion: An introduction
    • (September). Federal Reserve Bank of NY
    • Pesenti Paolo Tille Cedric The economics of currency crises and contagion: An introduction Economic Policy Review 2000 (September). Federal Reserve Bank of NY
    • (2000) Economic Policy Review
    • Pesenti, P.1    Tille, C.2
  • 40
    • 0347441540 scopus 로고    scopus 로고
    • The onset of the East Asian crisis
    • Working paper 6680, National Bureau of Economic Research
    • Radelet Steven Sachs Jeffrey 1998. The onset of the East Asian crisis. Working paper 6680, National Bureau of Economic Research
    • (1998)
    • Radelet, S.1    Sachs, J.2
  • 41
    • 0942295809 scopus 로고    scopus 로고
    • Balance sheet effects, bailout guarantees and financial crises
    • Working paper 8060. National Bureau of Economic Research
    • Schneider Martin Tornell Aaron 2000. Balance sheet effects, bailout guarantees and financial crises. Working paper 8060. National Bureau of Economic Research
    • (2000)
    • Schneider, M.1    Tornell, A.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.