Detail An international analysis of regulatory regimes and bank performance Bibliografi Author: Ivey, John Raymond ; Gropper, Daniel M. (Advisor) Topik: ECONOMICS; FINANCE|HISTORY; CHURCH Bahasa: (EN )    ISBN: 0-591-75154-2     Penerbit: AUBURN UNIVERSITY     Tahun Terbit: 1998     Jenis: Theses - Dissertation Fulltext: 9823153.pdf (0.0B; 3 download) Abstract The commercial banking industry has been characterized by significant structural changes over the last twenty years. Following the Great Depression and through the late 1970s, banks faced a multitude of restrictions and controls ranging from lines of business restrictions, branching restrictions, interest rate controls, and exchange rate controls. Although these constraints were designed to provide for a safe and sound banking industry, they resulted in an environment in which banks were sheltered from competition. Many of these constraints have been substantially reduced over the last twenty years. Banks have increasingly faced competition from non-bank financial intermediaries. Non-bank financial intermediaries developed, in part, due to restrictions on commercial bank activities. Further competition has come from capital markets. Increasingly, funding for many corporate activities comes, not from banks, but from the issuance of corporate securities. Also, many loans are securitized so that banks no longer hold the loans in their portfolios. The increase in competition has coincided with a general decline in bank performance over the past decade. This situation has led policymakers to reexamine the way in which banks are regulated. Among the questions of interest are: What are the determinants of bank performance? And, in particular, what is the effect of deregulation on bank performance? This study attempts to answer these important questions. The empirical tests are designed to exploit the fact that countries differ in the degree to which banks are regulated. This allows one to discern better the effect, if any, financial regulation has on bank performance by using dummy variables to capture differences in the various regulatory environments in which banks operate across countries. The empirical results indicate that bank specific variables such as the ratio of the level of equity to total assets and the ratio of loan loss reserves to gross loans explain differences in bank performance. Also, the ability to engage in securities activities is correlated with improved bank performance. Participation in real estate activities, allowing non-financial firms to own commercial banks, and allowing commercial banks to own non-financial firms are correlated with a decrease in bank performance. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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