神戸大学金融研究会

神戸大学金融研究会7月例会
Monetary Economics Seminar of Kobe University

2019年7月27日(土)15:00~16:30 (Saturday, July 27, 2019, 3:00pm-4:30pm)

第575回

RIEBセミナー共催
Jointly supported by RIEB Seminar

日時
Date&Time

2019年7月27日(土)15:00~16:30
Saturday, July 27, 2019, 3:00pm-4:30pm

会場
Place
経済経営研究所 会議室(新館2階)
Meeting Room at RIEB (Annex, 2nd Floor)
対象
Intended Audience
基本的に会員制の研究会ですが、非会員で関心のある方の参加も歓迎します。
The seminar is primarily for the workshop members. But non-members are also welcome to attend.
使用言語
Language
英語
English
備考
Note
論文のコピーは共同研究推進室にてご用意いたします。
Copies of the paper will be available at the Office of Promoting Research Collaboration.
15:00 ~ 16:30 (3:00pm-4:30pm)
論題
Topic
Deposit Market Outcomes in a Dual Banking System: Exploring the Link Between City-Level Religiosity and Depositor Behaviour
報告者
Speaker
Huseyin OZTURK (Representative, Tokyo Office, Central Bank of the Republic of Turkey)
要旨
Abstract
Depositors do not only provide funding to the financial system, they also discipline their banks against excessive risk. The theory of depositor discipline predicts that when excessive risk taking occurs, depositors exert higher disciplining by asking higher returns on their deposits or withdraw their funds. Although it has been intensively claimed that depositor (market) discipline is at least accommodative in banking regulation, the empirical literature is surprisingly mute on the factors that affect depositor discipline. This paper examines the role of religiosity on the disciplining power of depositors in a dual banking system. By segregating the deposits across cities in Turkey, we examine how city-level religiosity affects the depositor discipline. We also identify whether this effect is running differently for Islamic and conventional banks. We find that religiosity has a weakening power on depositor discipline. We also find that Islamic banks are exposed to less depositor discipline, however the weaker disciplining on Islamic banks is found to be unrelated to the degree of religiosity. These results imply that religiosity is an integral part of depositor discipline which might raise the importance of financial inclusion as religious commitments hinder some potential depositors from the financial system due to limited product diversity.
日本語