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Preventing Systemic Crises through Bank Transparency

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Author Info
Ari Hyytinen
Tuomas Takalo

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Abstract

The banking system is known to be vulnerable to self-fulfilling crises that are caused by depositors' co-ordination failure. We show that transparency regulation may prevent certain types of systemic crisis by eliminating the possibility of coordination failure. Copyright Banca Monte dei Paschi di Siena SpA, 2004

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Article provided by Banca Monte dei Paschi di Siena SpA in its journal Economic Notes.

Volume (Year): 33 (2004)
Issue (Month): 2 (07)
Pages: 257-273
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Handle: RePEc:bla:ecnote:v:33:y:2004:i:2:p:257-273

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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jyrki Ali-Yrkkö & Pekka Ylä-Anttila, 2001. "Globalisation of Business in a Small Country - Does Ownership Matter?," Discussion Papers 779, The Research Institute of the Finnish Economy. [Downloadable!]
  2. Laura Ehrlich, 2002. "The EU Single Market and Customs Policy: Impact on Estonian Foreign Trade," Discussion Papers 797, The Research Institute of the Finnish Economy. [Downloadable!]
  3. Mika Maliranta, 2002. "Factor Income Shares and Micro-Level Restructuring. An Analysis of Finnish Manufacturing," Discussion Papers 796, The Research Institute of the Finnish Economy. [Downloadable!]
  4. Minna Jukomaa & Jussi Koivisto & Marja Tahvanainen, 2002. "Recruitment of Foreign IT Professionals in Finland," Discussion Papers 790, The Research Institute of the Finnish Economy. [Downloadable!]
  5. Stefan Lee, 2001. "Financial Analysts Perception on Intangibles - An Interview Survey in Finland," Discussion Papers 778, The Research Institute of the Finnish Economy. [Downloadable!]
  6. Jussi V. Koivisto & Matti Lampinen, 2002. "Comparative Analysis of Finno-Sinic Management: In-Depth Study of the Dimensions of Cross-Cultural Friction and Synergy in Management of Finnish Firms in Hong Kong," Discussion Papers 808, The Research Institute of the Finnish Economy. [Downloadable!]
  7. Elina Rissanen, 2002. "Foreign Aid Policies - Comparing Finland and ireland," Discussion Papers 803, The Research Institute of the Finnish Economy. [Downloadable!]
  8. Erkki Koskela & Markku Ollikainen & Mikko Puhakka, 2002. "Saddles, Indeterminacy and Bifurcations in an Overlapping Generations Economy with a Renewable Resource," Discussion Papers 789, The Research Institute of the Finnish Economy. [Downloadable!]
  9. Kauko, Karlo, 2003. "Interlinking securities settlement systems: A strategic commitment?," Research Discussion Papers 26/2003, Bank of Finland. [Downloadable!]
  10. Faidon Kalfaoglou & Alexandros Sarris, 2006. "Modeling the Components of Market Discipline," Working Papers 36, Bank of Greece. [Downloadable!]
  11. Vauhkonen, Jukka, 2003. "Are adverse selection models of debt robust to changes in market structure?," Research Discussion Papers 28/2003, Bank of Finland. [Downloadable!]
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