米什金货币金融学(英文)PPT (11).ppt

《米什金货币金融学(英文)PPT (11).ppt》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、Chapter11EconomicAnalysisofBankingRegulation©2005PearsonEducationCanadaInc.HowAsymmetricInformationExplainsBankingRegulation1.GovernmentSafetyNetandDepositInsuranceA.Preventsbankrunsduetoasymmetricinformation:depositorscan’ttellgoodfrombadbanksB.Createsmoralh

2、azardincentivesforbankstotakeontoomuchriskC.Createsadverseselectionproblemofcrooksandrisk-takerswantingtocontrolbanksD.Too-Big-to-Failincreasesmoralhazardincentivesforbigbanks2.RestrictionsonAssetHoldingsA.Reducesmoralhazardoftoomuchrisktaking2©2005PearsonEduca

3、tionCanadaInc.3.BankCapitalRequirementsA.Reducesmoralhazard:bankshavemoretolosewhenhavehighercapitalB.HighercapitalmeansmorecollateralforFDIC4.BankSupervision:CharteringandExaminationA.ReducesadverseselectionproblemofrisktakersorcrooksowningbanksB.Reducesmoralh

4、azardbypreventingriskyactivities5.NewTrend:AssessmentofRiskManagement6.DisclosureRequirementsA.BetterinformationreducesasymmetricinformationproblemHowAsymmetricInformationExplainsBankingRegulation3©2005PearsonEducationCanadaInc.3.BankCapitalRequirementsA.Reduc

5、esmoralhazard:bankshavemoretolosewhenhavehighercapitalB.HighercapitalmeansmorecollateralforCDIC4.BankSupervision:CharteringandExaminationA.ReducesadverseselectionproblemofrisktakersorcrooksowningbanksB.ReducesmoralhazardbypreventingriskyactivitiesC.Newtrend:Ass

6、essmentofriskmanagement5.DisclosureRequirementsA.BetterinformationreducesasymmetricinformationproblemHowAsymmetricInformationExplainsBankingRegulation4©2005PearsonEducationCanadaInc.MajorBankingLegislationinCanada5©2005PearsonEducationCanadaInc.MajorBankingLeg

7、islationinCanada©2005PearsonEducationCanadaInc.6WhyaBankingCrisisin1980s?EarlyStages1.Managersdidnothavetherequiredexpertisetomanagerisk2.TheexistenceofCDIC,moreopportunitiesforrisktaking3.Becauseofthelendingboom,bankactivitieswerebecomingmorecomplicated.Regula

8、torshadneithertheexpertisenortheresourcestomonitortheseactivitiesappropriately4.i,networthofbanksA.InsolvenciesB.IncentivesforrisktakingResult:FailuresandriskyloansL