銀行と市場規律

書誌事項

タイトル別名
  • Market Discipline to Banks
  • ギンコウ ト シジョウ キリツ

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抄録

This paper empirically investigates responsiveness of growth rate of deposits, of interest rate, and of stock price to the bank risk with using panel data of Japanese banks and cooperative banks (Shinkin). Our empirical findings support that depositors withdraw their deposits from risky banks and require the banks higher deposit rate. And the findings also indicate stock holders sell the stocks when the bank failure risk is increased. But we find that banks do not restore their financial soundness as depositors withdraw their deposit.

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