Market Discipline Under Systemic Risk: Evidence from Bank Runs in Emerging Economies

The authors show that systemic risk exerts a significant impact on the behavior of depositors, sometimes overshadowing their responses to standard bank fundamentals. Systemic risk can affect market discipline both regardless of and through bank fun...

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Bibliographic Details
Main Authors: Levy-Yeyati, Eduardo, Martinez Peria, Maria Soledad, Schmukler, Sergio L.
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2004/11/5318699/market-discipline-under-systemic-risk-evidence-bank-runs-emerging-economies
http://hdl.handle.net/10986/14222