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Opublikowane: 2024-02-19

Indeksy dyscypliny rynkowej. Propozycja nowego podejścia do pomiaru siły dyscypliny rynkowej w bankowości

Krzysztof Jackowicz , Oskar Kowalewski , Łukasz Kozłowski

Abstrakt

This article presents a new method designed to measure the strength of market discipline in banking using synthetic indexes. Their main advantage – as compared to traditional methods of market discipline analysis – is the ease of comparisons in time and space. Apart from that, they enable us to establish the determinants of the proper functioning of market discipline. Based on banks’ financial statements we calculated and presented the values of the indexes for almost 80 countries. The indexes, despite differences in their construction, classify countries in a similar way with respect to the exercised strength of market discipline through the cost
of capital and its availability. In an example we use the indexes to analyze determinants of market discipline and show that the influence of widely understood education is conditional on safety net arrangements and a country’s wealth.

Tom 56 Nr 3 (2014)
Opublikowane: 2024-02-19


ISSN: 1429-2939
eISSN: 2544-7068
Ikona DOI 10.26354

Wydawca
Bankowy Fundusz Gwarancyjny

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