International Evidence on Government Support and Risk Taking in the Banking Sector /

Government support to banks through the provision of explicit or implicit guarantees affects the willingness of banks to take on risk by reducing market discipline or by increasing charter value. We use an international sample of bank data and government support to banks for the periods 2003-2004 an...

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Библиографические подробности
Главный автор: Brandao Marques, Luis
Другие авторы: Correa, Ricardo, Sapriza, Horacio
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2013.
Серии:IMF Working Papers; Working Paper ; No. 2013/094
Online-ссылка:Full text available on IMF
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245 1 0 |a International Evidence on Government Support and Risk Taking in the Banking Sector /  |c Luis Brandao Marques, Ricardo Correa, Horacio Sapriza. 
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300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Government support to banks through the provision of explicit or implicit guarantees affects the willingness of banks to take on risk by reducing market discipline or by increasing charter value. We use an international sample of bank data and government support to banks for the periods 2003-2004 and 2009-2010. We find that more government support is associated with more risk taking by banks, especially during the financial crisis (2009-10). We also find that restricting banks' range of activities ameliorates the moral hazard problem. We conclude that strengthening market discipline in the banking sector is needed to address this moral hazard problem. 
538 |a Mode of access: Internet 
700 1 |a Correa, Ricardo. 
700 1 |a Sapriza, Horacio. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/094 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2013&issue=094  |z IMF e-Library