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Response of uninsured depositors to impending S&L failures: Evidence of depositor discipline


  • Goldberg, Lawrence G.
  • Hudgins, Sylvia C.


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  • Goldberg, Lawrence G. & Hudgins, Sylvia C., 1996. "Response of uninsured depositors to impending S&L failures: Evidence of depositor discipline," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(3), pages 311-325.
  • Handle: RePEc:eee:quaeco:v:36:y:1996:i:3:p:311-325

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    References listed on IDEAS

    1. Sinkey, Joseph F, Jr, 1975. "A Multivariate Statistical Analysis of the Characteristics of Problem Banks," Journal of Finance, American Finance Association, vol. 30(1), pages 21-36, March.
    2. Mark J. Flannery, 1982. "Deposit insurance creates a need for bank regulation," Business Review, Federal Reserve Bank of Philadelphia, issue Jan/Feb, pages 17-31.
    3. Allen N. Berger, 1991. "Market discipline in banking," Proceedings 328, Federal Reserve Bank of Chicago.
    4. Martin, Daniel, 1977. "Early warning of bank failure : A logit regression approach," Journal of Banking & Finance, Elsevier, vol. 1(3), pages 249-276, November.
    5. Herbert L. Baer & Elijah Brewer, 1986. "Uninsured deposits as a source of market discipline: some new evidence," Economic Perspectives, Federal Reserve Bank of Chicago, issue Sep, pages 23-31.
    6. Pettway, Richard H & Sinkey, Joseph F, Jr, 1980. " Establishing On-Site Bank Examination Priorities: An Early-Warning System Using Accounting and Market Information," Journal of Finance, American Finance Association, vol. 35(1), pages 137-150, March.
    7. McCulloch, J Huston, 1986. "Bank Regulation and Deposit Insurance," The Journal of Business, University of Chicago Press, vol. 59(1), pages 79-85, January.
    8. Avery, Robert B & Belton, Terrence M & Goldberg, Michael A, 1988. "Market Discipline in Regulating Bank Risk: New Evidence from the Capital Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(4), pages 597-610, November.
    9. Edward J. Kane, 1985. "The Gathering Crisis in Federal Deposit Insurance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262611856, January.
    10. Altman, Edward I., 1977. "Predicting performance in the savings and loan association industry," Journal of Monetary Economics, Elsevier, vol. 3(4), pages 443-466, October.
    11. Loretta J. Mester, 1990. "Curing our ailing deposit-insurance system," Business Review, Federal Reserve Bank of Philadelphia, issue Sep, pages 13-24.
    12. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    13. George G. Kaufman, 1989. "Are some banks too large to fail? Myth and reality," Working Paper Series, Issues in Financial Regulation 89-14, Federal Reserve Bank of Chicago.
    14. West, Robert Craig, 1985. "A factor-analytic approach to bank condition," Journal of Banking & Finance, Elsevier, vol. 9(2), pages 253-266, June.
    15. Edward J. Kane, 1987. "DANGERS OF CAPITAL FORBEARANCE: THE CASE OF THE FSLIC AND "ZOMBIE" S&Ls," Contemporary Economic Policy, Western Economic Association International, vol. 5(1), pages 77-83, January.
    16. Kareken, John H, 1986. "Federal Bank Regulatory Policy: A Description and Some Observations," The Journal of Business, University of Chicago Press, vol. 59(1), pages 3-48, January.
    17. Rebel A. Cole, 1990. "Insolvency versus closure: why the regulatory delay in closing troubled thrifts?," Financial Industry Studies Working Paper 90-2, Federal Reserve Bank of Dallas.
    18. Kane, Edward J., 1986. "Appearance and reality in deposit insurance: The case for reform," Journal of Banking & Finance, Elsevier, vol. 10(2), pages 175-188, June.
    19. Hannan, Timothy H & Hanweck, Gerald A, 1988. "Bank Insolvency Risk and the Market for Large Certificates of Deposit," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(2), pages 203-211, May.
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    Cited by:

    1. Sergio L. Schmukler & Eduardo Levy-Yeyati & Maria Soledad Martinez Peria, 2004. "Market Discipline under Systemic Risk: Evidence from Bank Runs in Emerging Economies," Econometric Society 2004 Latin American Meetings 318, Econometric Society.
    2. repec:eee:intfin:v:51:y:2017:i:c:p:209-227 is not listed on IDEAS
    3. Konstantinos Drakos, 2012. "US banks' capitalization speed-of-adjustment: a microeconometric approach," Journal of Financial Economic Policy, Emerald Group Publishing, vol. 4(3), pages 270-286, July.
    4. 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.
    5. Arnold, Eva A. & Größl, Ingrid & Koziol, Philipp, 2016. "Market discipline across bank governance models: Empirical evidence from German depositors," The Quarterly Review of Economics and Finance, Elsevier, vol. 61(C), pages 126-138.
    6. Bennett, Rosalind L. & Hwa, Vivian & Kwast, Myron L., 2015. "Market discipline by bank creditors during the 2008–2010 crisis," Journal of Financial Stability, Elsevier, vol. 20(C), pages 51-69.
    7. María Soledad Martínez-Peria & Sergio Schmukler, 2002. "Do Depositors Punish Banks for Bad Behavior? Market Discipline, Deposit Insurance, and Banking Crises," Central Banking, Analysis, and Economic Policies Book Series,in: Leonardo Hernández & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.), Banking, Financial Integration, and International Crises, edition 1, volume 3, chapter 5, pages 143-174 Central Bank of Chile.
    8. Edda Zoli & Danyang Xie & Reza Vaez-Zadeh, 2002. "Modis; A Market-Oriented Deposit Insurance Scheme," IMF Working Papers 02/207, International Monetary Fund.
    9. Andrievskaya & Semenova, 2015. "Market Discipline in the Interbank Market: Evidence from Russia," Eastern European Economics, Taylor & Francis Journals, vol. 53(2), pages 69-98, March.
    10. repec:mes:eaeuec:v:53:y:2015:i:2:p:69-98 is not listed on IDEAS
    11. Pierluigi Bologna, 2015. "Structural Funding and Bank Failures," Journal of Financial Services Research, Springer;Western Finance Association, vol. 47(1), pages 81-113, February.
    12. Semenova Maria, 2007. "How depositors discipline banks: the case of Russia," EERC Working Paper Series 07-02e, EERC Research Network, Russia and CIS.
    13. Rajkamal Iyer & Manju Puri & Nicholas Ryan, 2013. "Do Depositors Monitor Banks?," NBER Working Papers 19050, National Bureau of Economic Research, Inc.
    14. Goldberg, Lawrence G. & Hudgins, Sylvia C., 2002. "Depositor discipline and changing strategies for regulating thrift institutions," Journal of Financial Economics, Elsevier, vol. 63(2), pages 263-274, February.
    15. Maria Semenova & Andrey Shapkin, 2016. "Currency Shifts as a Market Discipline Device: The Case of the Russian Market for Personal Deposits," HSE Working papers WP BRP 57/FE/2016, National Research University Higher School of Economics.
    16. Andrievskaya, Irina & Semenova, Maria, 2013. "Market discipline and the Russian interbank market," BOFIT Discussion Papers 29/2013, Bank of Finland, Institute for Economies in Transition.
    17. repec:spr:jecfin:v:41:y:2017:i:4:d:10.1007_s12197-016-9376-4 is not listed on IDEAS
    18. Ghassan Omet & Ibrahim Saif & Hadeel Yaseen, 2008. "Market Discipline and Deposit Insurance: Evidence from Some Middle Eastern Banks," Working Papers 391, Economic Research Forum, revised 01 Jan 2008.

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