2024-03-29T13:34:02Z
https://nagoya.repo.nii.ac.jp/oai
oai:nagoya.repo.nii.ac.jp:00008986
2023-11-13T02:06:32Z
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市場規律の確立の必要性とわが国の取り組み
Market Discipline and Financial System Reforms in Japan Have the reforms been successful in establishing the sound financial system?
小林, 礼実
KOBAYASHI, Ayami
open access
It is commonly agreed that besides back regulators, bank stakeholders such as subordinated debt holders, depositors, and stockholders may share the role of policing banks. This paper first surveys previous empirical studies focusing on the U.S. banking markets, and finds that banks’ stakeholders in the United States have actually imposed market discipline on banks. And then, the paper evaluates whether major financial system reforms that the Japanese government has conducted since the late 1990’s encourage market participants to discipline banks. For new financial system for the 21st century, it is necessary to establish the framework of financial system where market participants fully discipline banks. Further reforms are needed.
名古屋大学経済学会
2004-12-25
jpn
departmental bulletin paper
VoR
https://doi.org/10.18999/ecos.52.3.105
http://hdl.handle.net/2237/10749
https://nagoya.repo.nii.ac.jp/records/8986
10.18999/ecos.52.3.105
0022-9725
経済科学
52
3
105
116
https://nagoya.repo.nii.ac.jp/record/8986/files/ecos_52_3_105.pdf
application/pdf
1.3 MB
2018-02-19