Economic evaluation of bank exit regimes in US, EU and Japanese financial centres

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dc.contributor Suomen Pankki Granlund, Peik 2014-09-22T07:57:58Z 2014-09-22T07:57:58Z 2003
dc.identifier.isbn 952-462-037-5
dc.identifier.issn 0785-3572
dc.description.abstract This paper evaluates bank exit regimes in selected financial centres using econometric methods.The focus is on bank exit regimes applicable to commercial banks in New York, London, Frankfurt, Helsinki and Tokyo in 1998-2002.Bank exit regimes are studied from the perspective of bank creditors and bank shareholders.In order to apply econometric methods, the exit regimes are indexed and then evaluated by comparing them with market indicators that reflect the interests of bank creditors and shareholders.These market indicators comprise bank refinancing costs and bank growth rates.In other words, two specific questions are addressed: (1) Do differences in bank exit regimes of significance to bank creditors explain differences in bank refinancing costs?(2) Do differences in bank exit regimes significant to bank shareholders explain differences in bank growth?The study shows that in those financial centres where the probability of bailout is higher, refinancing costs for banks are lower.
dc.format.extent 60 s.
dc.language.iso eng
dc.relation.ispartofseries Bank of Finland Research Discussion Papers
dc.subject pankkitoiminta
dc.subject lainsäädäntö
dc.subject liikepankit
dc.subject sääntely
dc.subject valvonta
dc.subject USA
dc.subject Iso-Britannia
dc.subject Saksa
dc.subject Suomi
dc.subject Japani
dc.subject SP
dc.subject rahoituskeskukset
dc.subject New York
dc.subject Frankfurt
dc.subject Helsinki
dc.subject Tokio
dc.subject likvidaatio
dc.subject uudelleenjärjestelyt
dc.title Economic evaluation of bank exit regimes in US, EU and Japanese financial centres
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-20140807242 Suomen Pankin keskustelualoitteita
dc.series.year 2003
dc.series.number 5/2003
dc.series.sortingnumber 5 28.2.2003

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