2010 Fiscal Year Final Research Report

Redesign of the financial system using the market discipline and the prudential regulation

Research Project

Project/Area Number	19530284
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Single-year Grants
Section	一般
Research Field	Public finance/Monetary economics
Research Institution	Keio University
Principal Investigator	MAEDA Yasuo Keio University, 経済学部, 教授 (60229317)
Project Period (FY)	2007 – 2010
Keywords	市場規律 / 劣後債のプレミアム / 預金者と債券保有者
Research Abstract	It was clarified that the change in the premium of subordinate debts reflects the financial position of financial institutions. The discipline by subordinate debts is based on the financial position of financial institutions, and the increase in the rate of deposit interest also reflects the hard data of financial institutions such as financial documents. Based on these empirical findings, it is concluded that we are in the stage where the market discipline functions well.

(5 results)