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Forbearance, deposit insurance pricing, and incentive compatible bank regulation

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  • Nagarajan, S.
  • Sealey, C. W.

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  • Nagarajan, S. & Sealey, C. W., 1995. "Forbearance, deposit insurance pricing, and incentive compatible bank regulation," Journal of Banking & Finance, Elsevier, vol. 19(6), pages 1109-1130, September.
  • Handle: RePEc:eee:jbfina:v:19:y:1995:i:6:p:1109-1130
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    References listed on IDEAS

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    1. Keeley, Michael C, 1990. "Deposit Insurance, Risk, and Market Power in Banking," American Economic Review, American Economic Association, vol. 80(5), pages 1183-1200, December.
    2. Herbert L. Baer, 1990. "What we know about the deposit insurance problem," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Jul.
    3. Chan, Yuk-Shee & Greenbaum, Stuart I & Thakor, Anjan V, 1992. " Is Fairly Priced Deposit Insurance Possible?," Journal of Finance, American Finance Association, vol. 47(1), pages 227-245, March.
    4. Fulghieri, Paolo & Nagarajan, S., 1992. "Financial contracts as lasting commitments: The case of a leveraged oligopoly," Journal of Financial Intermediation, Elsevier, vol. 2(1), pages 2-32, March.
    5. Giammarino, Ronald M & Lewis, Tracy R & Sappington, David E M, 1993. " An Incentive Approach to Banking Regulation," Journal of Finance, American Finance Association, vol. 48(4), pages 1523-1542, September.
    6. Sally M. Davies & Douglas A. McManus, 1991. "The effects of closure policies on bank risk-taking," Finance and Economics Discussion Series 158, Board of Governors of the Federal Reserve System (U.S.).
    7. John C. Cox & Jonathan E. Ingersoll Jr. & Stephen A. Ross, 2005. "A Theory Of The Term Structure Of Interest Rates," World Scientific Book Chapters,in: Theory Of Valuation, chapter 5, pages 129-164 World Scientific Publishing Co. Pte. Ltd..
    8. Dreyfus, Jean-Francois & Saunders, Anthony & Allen, Linda, 1994. "Deposit Insurance and Regulatory Forbearance: Are Caps on Insured Deposits Optimal?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(3), pages 412-438, August.
    9. Allen, Linda & Saunders, Anthony, 1993. "Forbearance and valuation of deposit insurance as a callable put," Journal of Banking & Finance, Elsevier, vol. 17(4), pages 629-643, June.
    10. Campbell, Tim S. & Chan, Yuk-Shee & Marino, Anthony M., 1992. "An incentive-based theory of bank regulation," Journal of Financial Intermediation, Elsevier, vol. 2(3), pages 255-276, September.
    11. Ramakrishnan, Ram T S & Thakor, Anjan V, 1984. " The Valuation of Assets under Moral Hazard," Journal of Finance, American Finance Association, vol. 39(1), pages 229-238, March.
    12. Duan, Jin-Chuan & Moreau, Arthur F. & Sealey, C. W., 1992. "Fixed-rate deposit insurance and risk-shifting behavior at commercial banks," Journal of Banking & Finance, Elsevier, vol. 16(4), pages 715-742, August.
    13. King, Kathleen Kuester & O'Brien, James M., 1991. "Market-based, risk-adjusted examination schedules for depository institutions," Journal of Banking & Finance, Elsevier, vol. 15(4-5), pages 955-974, September.
    14. Furlong, Frederick T. & Keeley, Michael C., 1989. "Capital regulation and bank risk-taking: A note," Journal of Banking & Finance, Elsevier, vol. 13(6), pages 883-891, December.
    15. Janice M. Barrow & Paul M. Horvitz, 1993. "Response of Distressed Firms to Incentives: Thrift Institution Performance Under the FSLIC Management Consignment Program," Financial Management, Financial Management Association, vol. 22(3), Fall.
    16. Maskin, Eric & Tirole, Jean, 1992. "The Principal-Agent Relationship with an Informed Principal, II: Common Values," Econometrica, Econometric Society, vol. 60(1), pages 1-42, January.
    17. John, Kose & John, Teresa A. & Senbet, Lemma W., 1991. "Risk-shifting incentives of depository institutions: A new perspective on federal deposit insurance reform," Journal of Banking & Finance, Elsevier, vol. 15(4-5), pages 895-915, September.
    18. Davies, Sally M. & McManus, Douglas A., 1991. "The effects of closure policies on bank risk-taking," Journal of Banking & Finance, Elsevier, vol. 15(4-5), pages 917-938, September.
    19. George J. Benston & Mike Carhill, 1992. "FSLIC forbearance and the thrift debacle," Proceedings 351, Federal Reserve Bank of Chicago.
    20. Edward J. Kane, 1985. "The Gathering Crisis in Federal Deposit Insurance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262611856, January.
    21. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
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    Cited by:

    1. Hyosoon Choi & Wook Sohn, 2014. "Regulatory Forbearance And Depositor Market Discipline: Evidence From Savings Banks In Korea," Contemporary Economic Policy, Western Economic Association International, vol. 32(1), pages 203-218, January.
    2. Kenneth Kasa & Mark M. Spiegel, 2008. "The role of relative performance in bank closure decisions," Economic Review, Federal Reserve Bank of San Francisco, pages 17-29.
    3. Francis, Bill B. & Hunter, Delroy M., 2004. "The impact of the euro on risk exposure of the world's major banking industries," Journal of International Money and Finance, Elsevier, vol. 23(7-8), pages 1011-1042.
    4. J.A. Bikker & A.A.T. Wesseling, 2003. "Intermediation, integration and internationalisation: a survey on banking in Europe," Research Series Supervision (discontinued) 53, Netherlands Central Bank, Directorate Supervision.
    5. J. C. Reboredo, 2004. "A note on efficiency and solvency in banking," Applied Economics Letters, Taylor & Francis Journals, vol. 11(3), pages 183-185.
    6. Guo, Lin, 1999. "When and why did FSLIC resolve insolvent thrifts?," Journal of Banking & Finance, Elsevier, vol. 23(6), pages 955-990, June.
    7. Shuji Kobayakawa, 1998. "Designing incentive-compatible regulation in banking: the role of penalty in the precommitment approach," Economic Policy Review, Federal Reserve Bank of New York, issue Oct, pages 145-153.
    8. William Gissy, 2000. "Regulatory forbearance: A reconsideration," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(4), pages 722-729, November.
    9. Elena Carletti & Philipp Hartmann, 2003. "Competition and stability: what's special about banking?," Chapters,in: Monetary History, Exchange Rates and Financial Markets, chapter 8 Edward Elgar Publishing.
    10. Nagarajan, S. & Sealey, C. W., 1998. "State-contingent regulatory mechanisms and fairly priced deposit insurance," Journal of Banking & Finance, Elsevier, vol. 22(9), pages 1139-1156, September.
    11. Tomislav Galac, 2005. "Does Croatia Need Risk-Based Deposit Insurance Premia?," Surveys 10, The Croatian National Bank, Croatia.
    12. Bris, Arturo & Cantale, Salvatore, 2004. "Bank capital requirements and managerial self-interest," The Quarterly Review of Economics and Finance, Elsevier, vol. 44(1), pages 77-101, February.
    13. Osano, Hiroshi, 2002. "Managerial compensation contract and bank bailout policy," Journal of Banking & Finance, Elsevier, vol. 26(1), pages 25-49, January.
    14. Natalya A. Schenck & John H. Thornton, 2016. "Charter values, bailouts and moral hazard in banking," Journal of Regulatory Economics, Springer, vol. 49(2), pages 172-202, April.
    15. Morrison, Alan D. & White, Lucy, 2011. "Deposit insurance and subsidized recapitalizations," Journal of Banking & Finance, Elsevier, vol. 35(12), pages 3400-3416.
    16. Skeie, David R., 2008. "Banking with nominal deposits and inside money," Journal of Financial Intermediation, Elsevier, vol. 17(4), pages 562-584, October.
    17. Lee, Wai Sing & Kwok, Chuck C. Y., 2000. "Domestic and international practice of deposit insurance: a survey," Journal of Multinational Financial Management, Elsevier, vol. 10(1), pages 29-62, January.
    18. repec:kap:iaecre:v:6:y:2000:i:4:p:722-729 is not listed on IDEAS
    19. Klaus P. Fischer & Martin Chenard, 1997. "Financial Liberalization Causes Banking System Fragility," Finance 9706004, EconWPA.

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