000			01857nam a2200289 a 4500
001			rea00030752
005			20190704021141.0
008			s2004 wau e 001 0 eng d
035			_z56703
039			_a30747 _cTLC
100	1		_aCaprio, Gerard.
245	1	0	_aCan the unsophisticated market provide discipline? / _cGerard Caprio and Patrick Honoha.
260			_aWashington, D. C : _bWorld Bank, _c2004.
300			_a40p ; _c27 cm.
440		0	_aPolicy research working papers ; _vno. 3364
500			_aAlso available online.
500			_a"Caprio and Honohan question the widespread belief that market discipline on banks cannot be effective in less developed financial environments. There is no systematic tendency for low-income countries to lack the prerequisites for market discipline. Offsetting factors to the weaker market and formal information infrastructures are (1 the less complex character of banking business in low-income countries;(2) the growing internationalization of these markets through the presence of foreign banks, and through international trading of the debt and equity of locally-controlled nongovernment banks (3) the smaller size of the business and financial community. However, continuing dominance by public sector banks in some countries limits the likely development of market monitoring, which is clearly a cause for concern, given the disappointing record of governments around the World as monit
504			_aIncludes bibliographical references.
506			_aOpen access.
650		0	_aBanks and baking _xDeveloping Countries.
650		0	_aPrivatization _xDeveloping Countries.
700	1		_aHonohan, Patrick jt. author.
710	2		_aWorld Bank.
949			_aBSPC _bSPC _cHG3881.5 _d.W57 no.3364 _g56703 _5N
961			_t1
999			_c25114 _d25114