Banking regulation in times of crisis : an economic analysis from Turkey and Russia /
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Author / Creator: | Akün Ergun, Deniz. |
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Imprint: | Cambridge : Intersentia, ©2015. |
Description: | xiv, 224 pages : illustrations ; 24 cm. |
Language: | English |
Series: | European Studies in Law and Economics ; 17 European studies in law and economics ; 17. |
Subject: | |
Format: | Print Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/10306290 |
Table of Contents:
- Acknowledgements
- List of Abbreviations
- List of Tables and Figures
- Introduction
- 1. The Need for Regulation
- 2. Research Question and the Relevance of this Book
- 3. Research Methodology
- 4. Structure of the Book
- Chapter 1. The Economics of Banking and Banking Regulation
- 1. Introduction
- 2. Economics of Banking
- 2.1. Balance Sheet and Income Statement of Banks
- 2.2. Maturity Transformation and Liquidity of Banks
- 2.3. Monitoring and Information Systems in Banks
- 2.4. Risk Management
- 3. Financial Innovation and the Changing Structure of Banking
- 3.1. Institutional Setting of the Traditional Banking System
- 3.2. Institutional Setting of Securitised (Shadow) Banking System
- 3.3. Banking in Emerging Markets
- 4. The Economic Rationale for Banking Regulation
- 4.1. Market Failure in Financial Markets
- 4.1.1. Asymmetric Information
- 4.1.2. Negative Externalities
- 4.2. Systemic Risk Factor
- 4.3. Financial Stability
- 5. Approaches to Bank Regulation
- 5.1. Public Interest View
- 5.2. Private Interest View
- 6. Structure of Banking Regulation
- 6.1. Prudential Regulation
- 6.1.1. Capital Adequacy Requirements
- 6.1.2. Shortcomings of the Basel Accords
- 6.1.3. Asset Holding Restrictions
- 6.1.4. Disclosure Requirements
- 6.1.5. Bank Examination
- 6.2. Structural Regulation
- 6.2.1. Restrictions on Bank Entry
- 7. Conclusion
- Chapter 2. Empirical Analysis of the Impact of Regulations and Supervision of Banks' Performances in Turkey and Russia
- 1. Introduction
- 2. Banking Structures in Turkey and Russia
- 3. Theory of Performance Measurement
- 3.1. Fundamentals of Production Theory
- 3.2. Performance Indicator: Efficiency.
- 4. Literature Review on DEA Banking Applications
- 4.1. Cross-Country Efficiency Studies
- 4.2. Efficiency in Turkish Banking
- 4.3. Efficiency in Russian Banking
- 5. Methodology
- 5.1. Data Envelopment Analysis
- 5.1.1. The CCR Model (1978)
- 5.1.2. The BCC Model (1984)
- 5.2. Second Stage Ordinary Least Squares Regression
- 6. Description of Data and Selection Criteria
- 6.1. Variable Selection: Measuring Inputs and Outputs
- 6.1.1. Production Approach
- 6.1.2. Intermediation Approach
- 6.1.3. Value-Added Approach
- 6.2. Data and the Specification of Variables Used in DEA
- 6.3. Variables Used for the Second Stage OLS Regression Analysis
- 6.3.1. Regulatory Variables
- 6.3.2. Control Variables
- 7. Empirical Findings
- 7.1. First-Stage Analysis: DEA Results
- 7.2. Second-Stage Analysis: OLS Results
- 8. Conclusion
- Chapter 3. Banking Regulation and Supervision in Turkey and Russia
- 1. Introduction
- 2. An Overview of the Financial Crises in Turkey and Russia
- 2.1. Financial Crisis in Turkey (2000/2001)
- 2.1.1. Problems in the Economy and Financial Sector
- 2.1.2. Build-Up of the 2000/2001 Crisis
- 2.1.3. The Impact of the 2007-2009 Global Crisis
- 2.2. Financial Crises in Russia (1998, 2004, 2008-2009)
- 2.2.1. Problems in the Economy and Financial Sector
- 2.2.2. Build-Up of the 1998 Crisis
- 2.2.3. Build-Up of the 2004 Crisis
- 2.2.4. Build-Up of the 2008-2009 Crisis
- 2.3. Post-Crisis Period in Turkey and Russia
- 2.3.1. Post-Crisis Period in Russia
- 2.3.2. Post-Crisis Period in Turkey
- 3. Regulatory Variables
- 3.1. Capital Adequacy Requirement
- 3.1.1. Capital Adequacy Regulation in the Turkish Banking Sector
- 3.1.1.1. Developments after the 2000/2001 Crisis
- 3.1.1.2. Developments after 2005
- 3.1.1.3. Measures Taken during the Global Crisis
- 3.1.2. Capital Adequacy Regulation in the Russian Banking Sector
- 3.1.2.1. Developments after the 1998 Crisis
- 3.1.2.2. Developments after 2005
- 3.1.2.3. Impact of the Global Crisis
- 3.1.3. Discussion
- 3.2. Official Disciplinary Power
- 3.2.1. Official Disciplinary Power of the Banking Regulatory Authority in Turkey
- 3.2.2. Official Disciplinary Power of the Banking Regulatory Authority in Russia
- 3.2.3. Discussion
- 3.3. Private Monitoring
- 3.3.1. Private Monitoring in the Turkish Banking Sector
- 3.3.1.1. Internal Control and Audit Practices in Turkey
- 3.3.1.2. Disclosure Requirements
- 3.3.2. Private Monitoring in the Russian Banking Sector
- 3.3.2.1. Internal Control and Audit Practices
- 3.3.2.2. Disclosure Requirements
- 3.3.3. Discussion
- 3.4. Deposit Insurance Scheme
- 3.4.1. Deposit Insurance Scheme in the Turkish Banking Sector
- 3.4.2. Deposit Insurance Scheme in the Russian Banking System
- 3.4.3. Discussion
- 3.5. Entry Requirements
- 3.5.1. Entry Requirements in the Turkish Banking Sector
- 3.5.2. Entry Requirement in the Russian Banking Sector
- 3.5.3. Discussion
- 4. Government Ownership of Banks in Turkey and Russia
- 4.1. Government Ownership of Banks in Turkey
- 4.2. Government Ownership of Banks in Russia
- 5. Conclusion
- Conclusion
- Appendix A.
- Appendix B. Robustness Test: Wilcoxon-Mann-Whitney Test
- Appendix C. List of Failed Banks
- References