Market discipline: a review of the Mexican deposit market
This paper studies the mechanisms of market discipline in the Mexican deposit market. It tests the hypothesis that low-quality banks pay higher interest rates on deposits, receive fewer deposits, and shift their deposit agreements from long to short term. This hypothesis was assessed with positive evidence in Mexico during the period 1991–1996, but was not checked again. This research uses a dynamic panel model and a sample of 37 banks from December 2008 to September 2012 to re-evaluate the market discipline hypothesis. The findings suggest a weak presence of discipline induced by depositors. Principally, market discipline is absent within market sectors.
We aim to discover the relationship between market discipline and banking system transparency using the cross-country data (1990-2003) with Nier index and index based on World Bank surveys' data. We show that measures aimed to increase transparency, not being accompanied with requirements related to information availability and/or interpretability, may be not efficient in reaching the goal of market discipline stimulation.
At the present stage, cooperation between Mexico and Spain is multifaceted and effective. Both countries maintain economic, trade and cultural ties, at the same time possessing the various mechanisms for bilateral dialogue and assistance, which together form one of the most multifaceted institutional structures in the world. To date, the status of a natural ally of Spain is one of the central tasks for Mexico. The article examines the key aspects of the cooperation between these countries considering that the Mexican economy is in the midst of the ”destabilizing effect” because of the policy of the new US president Donald Trump, which threatens the political and economic achievements of Mexican-Spanish relations.
América Central, también llamada Centroamérica*, es un subcontinente que conecta América del Norte con América del Sur. Geográficamente se situa entre la fronreta de México y la frontera noroccidental de Colombia, rodeada por el océano Pacífico y el océano Atlántico. Políticamente se divide en los 7 países independientes de Guatemala, Belice, Honduras, El Salvador, Nicaragua, Costa Rica y Panamá. Su extensión territorial es de 523.780 km2 y su población es de unos 41.739.000 habitantes. El territorio cubre una superficie un poco mayor que la de España. Prodiga en recursos naturales, su suelo es sumamente fértil, apto para todo tipo de cultivos. El canal de Panamá además de facilitar la comunicación marítima entre dos océanos se hizo en América Central un paso obigado para los buques de todo el mundo. El subcontinente tiene todo para atraer al turismo internacional: hermosas playas, selvas, montañas, volcanes, apasibles lagos, ruinas de antiguas civilizaciones, etc. Pero la región aún está a la espera de que sus gobiernos encaren tres duros desafíos: vencer la pobreza, consolidar sus débiles democracias y apagar los odios que dejaron los largos años de guerras civiles en sus países.
In this paper, we model the deposit market with costly information on bank risks. The model adds to the volume of literature related to the Diamond Dybvig mod el and related models of information based bank runs. The inclusion of costly information signals indicates that depositors must decide whether to pay for information regarding changes in the riskiness of banking activities; these costs may involve, for instance, time and other resources needed to find and read financial information. We show that an efficient bank run is the only equilibrium even in case of non negative information costs. To ensure the uniqueness of the efficient bank run equilibrium it is enough to lower the costs for at least one group of the depositors or introduce the deposit insurance system with co insurance.
The article dealsthe following questions to answer: • Do any mechanisms of market discipline exist in Russian market for personal deposits? We analyze the quantitative mechanisms: disciplining by quantity and by maturity shifts. • Did the DIS introduction influence depositors’ investment strategies?
Anuario del centro de investigaciones latinoamericanas de la universidad rusa de la Amistad de los Pueblos
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.