Банковская система великобритании. Макарян. 561.. Оценка влияния сделок слияния и поглощения на устойчивость английских банков
 Скачать 0.77 Mb.
|
|
13 Compilation Guide of Financial Soundness Indicators, Washington: International Monetary Fund. PP. 2, 185-188. [Электронный ресурс]. – Режим доступа http://www.imf.org/external/index.htm 14 Увеличение прибыли является результатом повышения концентрации на рынке, которая дает возможность банкам участвовать в сговоре. Bain J.S. (1956), Barriers to new competition. - Cambridge: Harvard University press. Р. 356 15 Boyd, J.H., De Nicolo G., Smith B.D. (2004), Crises in competitive versus monopolistic banking systems// Journal of Money, Credit and Banking. № 36. Р. 499. 16 Keeley M. C. (1990), Deposit insurance, risk and market power in banking// The American Economic Review. № 80. Р. 1185. 17 Allen, F., Gale, D. (2004) Competition and Financial Stability// Journal of Money, Credit, and Banking. Vol. 36. № 3. Р.67-68. 18 Boot A.W.A., Thakor A. (2000), Can relationship lending survive competition? // Journal of Finance. № 55.P. 683. 19 Boyd J.H., Prescott E.C. (1986), Financial intermediary-coalitions // Journal of Economic Theory. № 38. P. 230. 20 Meon P.G., Weill L. Can mergers in Europe help banks hedge against macroeconomic risk? // Applied Financial Economics. 2005. № 15. рр. 315–326. 21 Molyneux, P, Schaeck, K., and Zhou, T. (2010), “Too-Big-to-Fail” and Its Impact on Safety Net Subsidies and Systemic Risk. Bangor, Wales: Bangor University Working Paper 22 Boyd J. H., De Nicolo G. (2005) The Theory of Bank Risk Taking and Competition Revisited // Journal of Finance.Vol. 60. Is. 3. P. 1330. 23 Cetorelli, N., Hirtle, B., Morgan, D., Peristiani, S., Santos, J., (2007), Trends in financial market concentration and their implications for market stability // Federal Reserve Bank of New York Policy Review, P. 38-39. 24 Ngalawa H., Tchana Tchana F., Viegi N. (2011), Banking Instability and Deposit Insurance: The Role of Moral Hazard // MPRA Paper.№ 31329. Р. 33. 25 Demirguc-Kunt A., Detragiache, E.(2009), Does deposit insurance increase banking system stability? An empirical investigation // Journal of Monetary Economics. Vol. 49. № 7. P. 1383-1384. 26 Competition in UK Banking (2012) // Office of Fair Trading [Электронный ресурс]. – Режим доступа http://www.oft.gov.uk/shared_oft/speeches/2012/speech0212.pdf 27 United Kingdom: Financial System Stability Assessment ( July 2011) // IMF Country Report No. 11/222 [Электронный ресурс]. – Режим доступа http://www.imf.org/external/pubs/ft/scr/2011/cr11222.pdf 28 Financial Development and Structure Dataset (2013) // The World Bank [Электронный ресурс]. – Режим доступа http://econ.worldbank.org/external/default/main?pagePK=64214825&piPK=64214943&theSitePK=469382&contentMDK=20696167 29 Hagendorff, J., Keasey, K., (2009) Post-Merger Strategy and Performance: Evidence from the US and European Banking Industries // Accounting and Finance.№. 49. P. 736 [Электронный ресурс]. – Режим доступа LSE library 30 Financial development and structure database (2013) // World Bank Policy Research Working Paper [Электронный ресурс]. – Режим доступа http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTRESEARCH/0,,contentMDK:20696167pagePK:64214825piPK:64214943theSitePK:469382,00.html 31 Ibid 32 Экспобанк уходит по-английски // Эксперт №10 / 2008/ [Электронный ресурс]. – Режим доступа http://expert.ru/expert/2008/10/ekspobank_uhodit_po_angliyski/ 33 Bloomberg 34Carbo-Valverde, S., Kane E. and Rodriguez-Fernandez F. (2012), Evidence of regulatory arbitrage in cross-border mergers of banks in the EU. Journal of Money, Credit & Banking.№ 13.P. 12 35 Ibid, 23 36Bank regulation and supervision around the world: a crisis update, by Martin Cihak, Asli Demirguc-Kunt, Maria Soledad Martinez Peria, and Amin Mohseni-Cheraghlou (2012) // World Bank Policy Research Working Paper [Электронный ресурс]. – Режим доступа http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-6286 37 European Commission Joint Research Center Unit G09, Investigating the efficiency of EU Deposit Guarantee Schemes (2010) [Электронный ресурс]. – Режим доступа http://ec.europa.eu/internal_market/bank/docs/guarantee/deposit/report_en.pdf 38 Carbo-Valverde, S., Kane E. and Rodriguez-Fernandez F. (2012), Evidence of regulatory arbitrage in cross-border mergers of banks in the EU // Journal of Money, Credit & Banking.№ 13. 39 Ibid, p 24 40 Molyneux, P, Schaeck, K., and Zhou, T. (2010), “ Too-Big-to-Fail” and Its Impact on Safety Net Subsidies and Systemic Risk. - Bangor, Wales: Bangor University Working Paper .,P.13 41 Bank of England [Электронный ресурс]. – Режим доступа http://www.bankofengland.co.uk/statistics/Pages/reporters/institutions/default.aspx#top 42 Directive 2007 /44/ CE of the European Parliament [Электронный ресурс]. – Режим доступа http://www.esma.europa.eu/system/files/Directive_2007_44_EC_of_5_September_2007.pdf 43 Bureau van Dijk: Zephyr, Amadeus 44 House of Commons Treasury Committee. Ninth Report of Session 2010–11. Competition and choice in retail banking., P. 35[Электронный ресурс]. – Режим доступа http://www.publications.parliament.uk/pa/cm201011/cmselect/cmtreasy/612/612i.pdf 45 Ibid., P.12 46 Moody`s analytics. Basel III New Capital and Liquidity Standards [Электронный ресурс]. – Режим доступа http://www.moodysanalytics.com//media/Insight/Regulatory/Basel-III/Thought-Leadership/2012/2012-19-01-MA-Basel-III-FAQs.ashx 47 Adj R squared является показателем, который демонстрирует на сколько процентов регрессоры объясняют модель. Чем выше данный показатель, тем лучше модель характеризует изменения, связанные со сделкой слияния и поглощения. 48 European Central Bank (2008), How does competition affect efficiency and soundness in banking? Working Paper.P.9 [Электронный ресурс]. – Режим доступа http://www.clevelandfed.org/research/Conferences/2008/4_17-18/Schaeck.pdf |