growth, suggesting that Asian banks are also subject to indirect market discipline mechanisms through bank market structure …. This study therefore sheds light on the importance of enhancing bank competition to overcome bank risk and strengthen … financial intermediation. This study also advocates greater reliance on market discipline to promote bank stability. …

This paper analyses the relationship between market discipline and bank charter value using a panel dataset of publicly … crisis (GFC). Overall, our results show a positive relationship between market discipline and bank charter value, although … this has reduced in the post-GFC period. Furthermore, our findings reveal that in the presence of market discipline, bank …

The philosophy behind the debt market discipline approach to banking regulation presumes that the pricing of bank debt … such an approach by exploring empirically the possibility that markets may price differently the risk profile of bank …

that has been little explored in the empirical literature is the market for bank's exchange-traded option contracts. In …-varying covariates typically included in bank failure models. Overall, both accounting information and option prices contain useful …

potential problems at Northern Rock in advance of the bank announcing that it had negotiated emergency lending facilities at the … Bank of England in September 2007. A further aim of the paper is to examine the signalling qualities of four financial … measures of bank risk) so as to explore both the relative and individual qualities of each. Therefore, the paper's findings …

quite general framework, we show that the assumption of no-arbitrage is essentially equivalent to the existence of a …

equilibrium prices are determined, may still refine their information by eliminating sequentially "arbitrage state(s)", namely …, the state (s) which would grant the agent an arbitrage, if realizable. This article provides a dual behavior of the one …