Contrôle prudentiel et détection des difficultés financières des banques: Quel est l'apport de l'information de marché ?

Isabelle Distinguin, Philippe Rous () and Amine Tarazi
Additional contact information
Philippe Rous: LAPE - Laboratoire d'Analyse et de Prospective Economique - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges

Post-Print from HAL

Abstract: This paper studies the role that can be played by the stock market in the early detection of bank financial distress. We test the additional contribution of market indicators to accounting indicators in the European case and its accuracy for opaque institutions. We show that the significance of the marginal contribution of market indicators is dependent on the extent to which bank liabilities are market traded. For banks heavily relying on deposits, the market does not convey useful information even when more subordinated debt is issued.

Keywords: G21; G28 (search for similar items in EconPapers)
Date: 2006
Note: View the original document on HAL open archive server: https://unilim.hal.science/hal-00794219v1
References: Add references at CitEc
Citations:

Published in Revue Economique, 2006, 57 (3), pp.497-506. ⟨10.3917/reco.573.0497⟩

Downloads: (external link)
https://unilim.hal.science/hal-00794219v1/document (application/pdf)

Related works:
Journal Article: Contrôle prudentiel et détection des difficultés financières des banques. Quel est l'apport de l'information de marché ? (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00794219

DOI: 10.3917/reco.573.0497

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().