Sophisticated Discipline in Nascent Deposit Markets: Evidence from Post-Communist Russia
dc.contributor.author | Karas, Alexei | en_US |
dc.contributor.author | Pyle, William | en_US |
dc.contributor.author | Schoors, Koen | en_US |
dc.date.accessioned | 2007-10-25T20:09:40Z | |
dc.date.available | 2007-10-25T20:09:40Z | |
dc.date.issued | 2006-06-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2006-829 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/57209 | en_US |
dc.description.abstract | Using a database from post-communist, pre-deposit-insurance Russia, we demonstrate the presence of quantity-based sanctioning of weaker banks by both firms and households, particularly after the financial crisis of 1998. Evidence for the standard form of price discipline, however, is notably weak. Estimating the deposit supply function, we show that, particularly for poorly capitalized banks, interest rate increases exhibit diminishing, and eventually negative, returns in terms of deposit attraction, a finding consistent with depositors interpreting the deposit rate itself as a signal of otherwise unobserved bank-level risk. | en_US |
dc.format.extent | 341875 bytes | |
dc.format.extent | 1802 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.relation.ispartofseries | 829 | en_US |
dc.subject | Banking, Market Discipline, Deposit Market, Transition, Russia | en_US |
dc.subject.other | G21, O16, P2 | en_US |
dc.title | Sophisticated Discipline in Nascent Deposit Markets: Evidence from Post-Communist Russia | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | William Davidson Institute | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/57209/1/wp829 .pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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