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...
Main Authors: | , , |
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Language: | English en_US |
Published: |
World Bank, Washington, D.C.
2013
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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 |