Market discipline and conflicts of interest between banks and pension funds

Journal of Financial Intermediation - Tập 24 - Trang 411-440 - 2015
Adolfo Barajas1, Mario Catalán1
1International Monetary Fund, United States

Tài liệu tham khảo

Barajas, 2007, Banks during the argentine crisis: were they all hurt equally? Did they all behave equally?, IMF Staff Pap., 54, 621, 10.1057/palgrave.imfsp.9450022 Barajas, A., Steiner, R., 2000. Depositor Behavior and Market Discipline in Colombia. International Monetary Fund Working Paper No. 214. Berger, A., 1991. Market discipline in banking. In: Proceedings of a Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, pp. 419–437. Berger, 2010 Calomiris, 2001, Can emerging market bank regulators establish credible discipline? The Case of Argentina, 1992–99, 147 Catalán, 2004, Pension funds and corporate governance in developing countries: what do we know and what do we need to know?, J. Pension Econ. Finance, 3, 197, 10.1017/S1474747204001532 Clark, 2000 Clark, 2004, Pension fund governance: expertise and organizational form, J. Pension Econ. Finance, 3, 233, 10.1017/S1474747204001556 Demirguc-Kunt, 2002, Does deposit insurance increase banking system stability? An empirical investigation, J. Monetary Econ., 49, 1373, 10.1016/S0304-3932(02)00171-X Demirguc-Kunt, 2004, Market discipline and deposit insurance, J. Monetary Econ., 51, 375, 10.1016/j.jmoneco.2003.04.001 Ioannidou, 2010, Deposit insurance and bank risk taking: evidence from internal loan ratings, J. Financ. Intermed., 19, 95, 10.1016/j.jfi.2009.01.002 Laeven, L., Valencia, F., 2012. Systemic Banking Crises Database: An Update. IMF Working Paper 12/163. Levy-Yeyati, 2010, Depositor behavior under macroeconomic risk: evidence from bank runs in emerging market economies, J. Money, Credit Bank., 42, 585, 10.1111/j.1538-4616.2010.00300.x Ljungqvist, 2007, Conflicts of interest in sell-side research and the moderating role of institutional investors, J. Financ. Econ., 85, 420, 10.1016/j.jfineco.2005.12.004 Martínez Pería, 2001, Do depositors punish banks for bad behavior? Market discipline, deposit insurance, and banking crises, J. Finance, 56, 1029, 10.1111/0022-1082.00354 Mahoney, 2004, Manager-investor conflicts in mutual funds, J. Econ. Perspect., 18, 161, 10.1257/0895330041371231 Mehran, 2007, The economics of conflicts of interest in financial institutions, J. Financ. Econ., 85, 267, 10.1016/j.jfineco.2006.11.001 Mitchell, O., 2010. Implications of the Financial Crisis for Long Run Retirement Security. Pension Research Council Working Paper No. 2. Munnell, A., Aubry, J., Mudon, D., 2008. The Financial Crisis and State/Local Defined Benefit Plans. Center for Retirement Research at Boston College, No. 8–19, November. Mussa, 2002, vol. 67 Park, 1998, Market discipline by thrift depositors, J. Money, Credit, Bank., 30, 347, 10.2307/2601105 Schumacher, 2000, Bank runs and currency run in a system without a safety net: Argentina and the ‘Tequila’ shock, J. Monetary Econ., 46, 257, 10.1016/S0304-3932(00)00022-2 Whitehouse, 2009, Pensions during the crisis: impact on retirement income systems and policy responses, The Geneva Pap. Risk Insurance, 34, 536, 10.1057/gpp.2009.25 Hirschberg, 2010, A reinterpretation of interactions in regressions, Appl. Econ. Lett., 17, 427, 10.1080/13504850701842843