Market Indicators, Bank Fragility, and Indirect Market Discipline

10 Pages Posted: 23 Aug 2005

See all articles by Reint Gropp

Reint Gropp

Halle Institute for Economic Research

Jukka M. Vesala

Bank of Finland - Finnish Financial Supervision Authority (FIN-FSA)

Giuseppe Vulpes

Unicredit Banca d'Impresa - Research Department; UniCredit

Abstract

A paper presented at the October 2003 conference "Beyond Pillar 3 in International Banking Regulation: Disclosure and Market Discipline of Financial Firms," cosponsored by the Federal Reserve Bank of New York and the Jerome A. Chazen Institute of International Business at Columbia Business School.

Keywords: market discipline of banks, stock versus bond signals of bank distress

JEL Classification: G21, G28

Suggested Citation

Gropp, Reint and Vesala, Jukka and Vulpes, Giuseppe and Vulpes, Giuseppe, Market Indicators, Bank Fragility, and Indirect Market Discipline. Economic Policy Review, Vol. 10, No. 2, September 2004, Available at SSRN: https://ssrn.com/abstract=785344

Reint Gropp (Contact Author)

Halle Institute for Economic Research ( email )

P.O. Box 11 03 61
Kleine Maerkerstrasse 8
D-06017 Halle, 06108
Germany

Jukka Vesala

Bank of Finland - Finnish Financial Supervision Authority (FIN-FSA) ( email )

P.O. Box 160
FIN-00101 Helsinki
Finland

Giuseppe Vulpes

Unicredit Banca d'Impresa - Research Department ( email )

Via S. Prospero 1
Milan, 20121
Italy
+39-0288622315 (Phone)
+39-028862448 (Fax)

HOME PAGE: www.unicreditimpresa.it

UniCredit ( email )

Via S. Prospero 1
Milan, 20121
Italy
+39-0288622315 (Phone)
+39-028862448 (Fax)

HOME PAGE: www.unicreditimpresa.it

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