| 日時： （Date&Time) |
4月19日（月）午後4時から （Monday, April 19, 4:00pm〜） |
| 報告者： （Speaker） |
鶴 光太郎 (TSURU Kotaro) |
| 所属： （Affiliation） |
経済産業研究所 (Research Institute of Economy, Trade and Industry) |
| 論題： （Topic） |
Product Development Strategy in IT Era |
| 概要： （Abstract） |
This paper investigates the effectiveness of depositor discipline and its relationship with bank regulation using a panel of about 18,000 bank-year data during 1992-2002 around 63 countries. We first conduct country-by-country estimation, finding that deposit growth is significantly correlated with bank risk for about a half of the countries and deposit interest rate for about a quarter of the countries. We then conduct pooled estimation, finding that strict capital regulation, as well as deposit insurance, attenuates depositor sensitivity to bank risk. This result is consistent with the hypothesis that regulatory authorities act as a representative monitor of banks for the sake of depositors. We also find that the less a financial system develops, either a bank-oriented or stock-market-oriented system, the more sensitive to bank risk depositors are. Underdevelopment of financial system and underlying weakness of rule of law seem to compel depositors to select banks according to their risk. |
| 会場： (Place) |
神戸大学経済経営研究所 調査室 （兼松記念館1階） Seminar Room at RIEB (Kanematsu Memorial Hall 1st Floor) |
| 対象： （Intended Audience) |
教員、院生および同等をお持ちの方 Faculty, Graduate Students and People with Equivalent Knowledge |
| 使用言語 （Language) |
日本語 Japanese |
| 備考： (Note) |
論文のコピーは研究助成室にご用意しております。 |