| Description |
xii, 449 pages ; 24 cm |
| Contents |
Machine derived contents note: Part I: Keynote Addresses -- -- 1 Market Discipline and Public Policy: The Role of the IMF -- Anne O. Krueger 3 -- 2 Three Observations on Market Discipline -- Malcolm Knight 11 -- 3 Effective Market Discipline: The Roles of Auditors, Companies, -- and Analysts -- Susan Schmidt Bies 17 -- 4 A Review of the New Basel Capital Accord -- Jaime Caruana 25 -- -- Part II: Theory of Market Discipline -- -- 5 Market Discipline: Players, Processes, and Purposes -- Robert R. Bliss 37 -- 6 Market Discipline in Banking: Where Do We Stand? -- Jean-Charles Rochet 55 -- 7 Market Discipline for Financial Institutions and Sovereigns -- Hal S. Scott 69 -- 8 Comments on the Theory of Market Discipline -- Kostas Tsatsaronis 79 -- -- -- -- -- Part III: Evidence of Market Discipline in Banking -- -- 9 Market Discipline of U.S. Financial Firms: Recent Evidence -- and Research Issues -- Mark J. Flannery and Stanislava Nikolova 87 -- 10 Bank Market Discipline and Indicators of Banking System Risk: -- The European Evidence -- Reint Gropp 101 -- 11 Weakening Market and Regulatory Discipline in the Japanese -- Financial System -- Mitsuhiro Fukao 119 -- 12 Market Discipline in Emerging Economies: -- Beyond Bank Fundamentals -- Eduardo Levy-Yeyati, Maria Soledad Martinez Peria, -- and Sergio L. Schmukler 135 -- 13 Inside the "Black Box" of Market Discipline -- David T. Llewellyn 147 -- -- Part IV: Evidence of Market Discipline in Other -- Industries -- -- 14 Market Discipline in Insurance and Reinsurance -- Scott E. Harrington 159 -- 15 Conflicts of Interest and Market Discipline -- Ingo Walter 175 -- 16 Market Discipline and Corporate Control -- Clifford W. Smith, Jr. 187 -- -- Part V: Evidence of Market Discipline for Countries -- -- 17 Capital Controls: Mud in the Wheels of Market Discipline -- Kristin J. Forbes 197 -- 18 Equity Integration in Times of Crisis -- Robert P. Flood and Andrew K. Rose 211 -- 19 Assessing the Evidence on Market Discipline for Countries -- Andrew G. Haldane 225 -- -- -- -- -- Part VI: Current State of Corporate Governance -- -- 20 U.S. Corporate Governance: What Went Wrong and Can It Be Fixed? -- Franklin R. Edwards 237 -- 21 Corporate Governance in Europe: Competition versus Harmonization -- Marco Becht and Colin Mayer 255 -- 22 Evolving Corporate Governance in Japan -- Hugh Patrick 269 -- 23 Quis Custodiet Ipsos Custodes? Controlling Conflicts of Interest in -- the Financial Industry? -- Eugene N. White 287 -- -- Part VII: Interaction of Market Discipline and Public -- Policy -- -- 24 The Role and Limitations of Financial Accounting and Auditing -- for Market Discipline -- George J. Benston 303 -- 25 Fair Values and Financial Statement Volatility -- Mary E. Barth 323 -- 26 Enron and Effective Corporate Governance -- Charles M. Elson 335 -- 27 Interaction of Market Discipline and Public Policy: Discussion -- Shyam Sunder 341 -- -- Part VIII: Interaction of Market Discipline -- and Public Policy -- -- 28 Can the Unsophisticated Market Provide Discipline? -- Gerard Caprio and Patrick Honohan 349 -- 29 How Can the Invisible Hand Strengthen Prudential Supervision? and -- How Can Prudential Supervision Strengthen the Invisible Hand? -- Richard J. Herring 363 -- 30 Healing with Destabilizing 'Market Discipline' -- Daniel Cohen and Richard Portes 381 -- 31 Comments on Market Discipline and Public Policy -- Charles Freedman 397 -- -- -- -- -- Part IX: Policy Panel -- -- 32 Reestablishing Market Discipline as Part of Bank Regulation -- Charles W. Calomiris 407 -- 33 Comment on Policy -- Christine M. Cumming 417 -- 34 Market Discipline-Interaction with Public Policy -- Patricia Jackson 423 -- -- Conference Program 427 -- Index 435 |
| Summary |
"A major purpose of this 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."--BOOK JACKET |
| Analysis |
Market discipline |
|
Industries |
| Notes |
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 |
|
Includes index |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Capital market -- Congresses.
|
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International finance -- Congresses.
|
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Banks and banking, International -- Congresses.
|
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Risk management -- Congresses.
|
| Genre/Form |
Conference papers and proceedings.
|
| Author |
Borio, C. E. V.
|
| LC no. |
2004050028 |
| ISBN |
0262025752 alkaline paper |
|
