This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Preventing Systemic Crises through Bank Transparency Author info | Abstract | Publisher info | Download info | Related research | Statistics Ari Hyytinen
Tuomas Takalo
Additional information is available for the following
registered author(s):
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
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
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
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:bla:ecnote:v:33:y:2004:i:2:p:257-273Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0391-5026
Order Information: Web: http://www.blackwellpublishing.com/subs.asp?ref=0391-5026
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Other versions of this item:
References listed on IDEAS 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.: Chiappori, Pierre-Andre & Perez-Castrillo, David & Verdier, Thierry, 1995.
"Spatial competition in the banking system: Localization, cross subsidies and the regulation of deposit rates ,"
European Economic Review ,
Elsevier, vol. 39(5), pages 889-918, May.
[Downloadable!] (restricted)
Other versions: Niinimaki, J. -P., 2001.
"Intertemporal diversification in financial intermediation ,"
Journal of Banking & Finance ,
Elsevier, vol. 25(5), pages 965-991, May.
[Downloadable!] (restricted)
Graciela L. Kaminsky & Carmen M. Reinhart, 1996.
"The twin crises: the causes of banking and balance-of-payments problems ,"
International Finance Discussion Papers
544, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Other versions:
Reinhart, Carmen & Kaminsky, Graciela, 1999.
"The twin crises: The causes of banking and balance of payments problems ,"
MPRA Paper
14081, University Library of Munich, Germany.
[Downloadable!] Graciela L. Kaminsky & Carmen M. Reinhart, 1999.
"The Twin Crises: The Causes of Banking and Balance-of-Payments Problems ,"
American Economic Review ,
American Economic Association, vol. 89(3), pages 473-500, June.
[Downloadable!] (restricted) Hyytinen, A. & Takalo, T., 2000.
"Enhancing Bank Transparency: a Re-assessment ,"
University of Helsinki, Department of Economics
492, Department of Economics.
Other versions: Matutes, Carmen & Vives, Xavier, 1996.
"Competition for Deposits, Fragility, and Insurance ,"
Journal of Financial Intermediation ,
Elsevier, vol. 5(2), pages 184-216, April.
[Downloadable!] (restricted)
Park, Sangkyun & Peristiani, Stavros, 1998.
"Market Discipline by Thrift Depositors ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 30(3), pages 347-64, August.
J. Miguel Villas-Boas & Udo Schmidt-Mohr, 1999.
"Oligopoly with Asymmetric Information: Differentiation in Credit Markets ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 30(3), pages 375-396, Autumn.
[Downloadable!] (restricted)
Boot, Arnoud W. A. & Schmeits, Anjolein, 2000.
"Market Discipline and Incentive Problems in Conglomerate Firms with Applications to Banking ,"
Journal of Financial Intermediation ,
Elsevier, vol. 9(3), pages 240-273, July.
[Downloadable!] (restricted)
Matutes, Carmen & Vives, Xavier, 2000.
"Imperfect competition, risk taking, and regulation in banking ,"
European Economic Review ,
Elsevier, vol. 44(1), pages 1-34, January.
[Downloadable!] (restricted)
Other versions: Billett, Matthew T. & Garfinkel, Jon A. & O'Neal, Edward S., 1998.
"The cost of market versus regulatory discipline in banking1 ,"
Journal of Financial Economics ,
Elsevier, vol. 48(3), pages 333-358, June.
[Downloadable!] (restricted)
Steven C. Salop, 1979.
"Monopolistic Competition with Outside Goods ,"
Bell Journal of Economics ,
The RAND Corporation, vol. 10(1), pages 141-156, Spring.
[Downloadable!] (restricted)
Mayes, David & Vesala, Jukka, 1998.
"On the Problems of Home Country Control ,"
Research Discussion Papers
20/1998, Bank of Finland.
[Downloadable!]
Other versions: João Cabral dos Santos, 1995.
"Bank capital and equity investment regulations ,"
Working Paper
9515, Federal Reserve Bank of Cleveland.
[Downloadable!]
Other versions: Franklin R. Edwards & Frederic S. Mishkin, 1995.
"The decline of traditional banking: implications for financial stability and regulatory policy ,"
Economic Policy Review ,
Federal Reserve Bank of New York, issue Jul, pages 27-45.
[Downloadable!]
Other versions: Jean-Charles Rochet & Jean Tirole, 1996.
"Interbank lending and systemic risk ,"
Proceedings ,
Board of Governors of the Federal Reserve System (U.S.), pages 733-765.
Other versions: Eric S. Rosengren, 1998.
"Will greater disclosure and transparency prevent the next banking crisis? ,"
Working Papers
98-8, Federal Reserve Bank of Boston.
[Downloadable!]
Craine, Roger, 1995.
" Fairly Priced Deposit Insurance and Bank Charter Policy ,"
Journal of Finance ,
American Finance Association, vol. 50(5), pages 1735-46, December.
[Downloadable!] (restricted)
Hyytinen, Ari, 2002.
"The Time Profile of Risk in Banking Crises: Evidence from Scandinavian Banking Sectors ,"
Applied Financial Economics ,
Taylor and Francis Journals, vol. 12(9), pages 613-23, September.
[Downloadable!] (restricted)
Stephen Morris & Hyun Song Shin, 2002.
"Social Value of Public Information ,"
American Economic Review ,
American Economic Association, vol. 92(5), pages 1521-1534, December.
[Downloadable!]
Calomiris, Charles W & Kahn, Charles M, 1991.
"The Role of Demandable Debt in Structuring Optimal Banking Arrangements ,"
American Economic Review ,
American Economic Association, vol. 81(3), pages 497-513, June.
[Downloadable!] (restricted)
Stole, Lars A, 1995.
"Nonlinear Pricing and Oligopoly ,"
Journal of Economics & Management Strategy ,
Blackwell Publishing, vol. 4(4), pages 529-62, Winter.
Donald P. Morgan, 1999.
"Whether and why banks are opaque ,"
Proceedings ,
Federal Reserve Bank of Chicago, issue May, pages 54-71.
Besanko, David & Thakor, Anjan V., 1992.
"Banking deregulation: Allocational consequences of relaxing entry barriers ,"
Journal of Banking & Finance ,
Elsevier, vol. 16(5), pages 909-932, September.
[Downloadable!] (restricted)
Cordella, Tito & Levy Yeyati, Eduardo, 1998.
"Public Disclosure and Bank Failures ,"
CEPR Discussion Papers
1886, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions: V.V. Chari & Ravi Jagannathan, 1984.
"Banking Panics ,"
Discussion Papers
618, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Park, Sangkyun, 1995.
"Market discipline by depositors: Evidence from reduced-form equations ,"
The Quarterly Review of Economics and Finance ,
Elsevier, vol. 35(35), pages 497-514.
[Downloadable!] (restricted)
Herring, Richard J & Vankudre, Prashant, 1987.
" Growth Opportunities and Risk-Taking by Financial Intermediaries ,"
Journal of Finance ,
American Finance Association, vol. 42(3), pages 583-99, July.
[Downloadable!] (restricted)
Bhattacharya, Sudipto & Boot, Arnoud W A & Thakor, Anjan V, 1998.
"The Economics of Bank Regulation ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 30(4), pages 745-70, November.
Other versions: Jordan, John S. & Peek, Joe & Rosengren, Eric S., 2000.
"The Market Reaction to the Disclosure of Supervisory Actions: Implications for Bank Transparency ,"
Journal of Financial Intermediation ,
Elsevier, vol. 9(3), pages 298-319, July.
[Downloadable!] (restricted)
Herring, Richard J, 1999.
"Credit Risk and Financial Instability ,"
Oxford Review of Economic Policy ,
Oxford University Press, vol. 15(3), pages 63-79, Autumn.
Mayes, D.G., 1998.
"Improving Bankin Supervision ,"
Bank of Finland - Studies in Economics and Finance
23/98, Bank of Finland. Research Department..
Other versions: Julapa Jagtiani & Catharine Lemieux, 1999.
"Stumbling blocks to increasing market discipline in the banking sector: a note on bond pricing and funding strategy prior to failure ,"
Emerging Issues ,
Federal Reserve Bank of Chicago, issue Sep.
[Downloadable!]
Douglas W. Diamond & Philip H. Dybvig, 2000.
"Bank runs, deposit insurance, and liquidity ,"
Quarterly Review ,
Federal Reserve Bank of Minneapolis, issue Win, pages 14-23.
[Downloadable!]
Other versions:
Diamond, Douglas W & Dybvig, Philip H, 1983.
"Bank Runs, Deposit Insurance, and Liquidity ,"
Journal of Political Economy ,
University of Chicago Press, vol. 91(3), pages 401-19, June.
[Downloadable!] (restricted) Berlin, Mitchell & Saunders, Anthony & Udell, Gregory F., 1991.
"Deposit insurance reform: What are the issues and what needs to be fixed? ,"
Journal of Banking & Finance ,
Elsevier, vol. 15(4-5), pages 735-752, September.
[Downloadable!] (restricted)
Lawrence H. Summers, 2000.
"International Financial Crises: Causes, Prevention, and Cures ,"
American Economic Review ,
American Economic Association, vol. 90(2), pages 1-16, May.
[Downloadable!] (restricted)
John S. Jordan & Joe Peek & Eric S. Rosengren, 1999.
"Impact of greater bank disclosure amidst a banking crisis ,"
Working Papers
99-1, Federal Reserve Bank of Boston.
[Downloadable!]
Giannetti, Mariassunta, 2003.
" Bank-Firm Relationships and Contagious Banking Crises ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 35(2), pages 239-61, April.
Donald P. Morgan, 2002.
"Rating Banks: Risk and Uncertainty in an Opaque Industry ,"
American Economic Review ,
American Economic Association, vol. 92(4), pages 874-888, September.
[Downloadable!]
Cordella, Tito & Levy Yeyati, Eduardo, 1998.
"Financial Opening, Deposit Insurance and Risk in a Model of Banking Competition ,"
CEPR Discussion Papers
1939, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions:
Tito Cordella & Eduardo Levy Yeyati, 1998.
"Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition ,"
IMF Working Papers
98/97, International Monetary Fund.
Cordella, Tito & Yeyati, Eduardo Levy, 2002.
"Financial opening, deposit insurance, and risk in a model of banking competition ,"
European Economic Review ,
Elsevier, vol. 46(3), pages 471-485, March.
[Downloadable!] (restricted) Chan, Yuk-Shee & Greenbaum, Stuart I & Thakor, Anjan V, 1992.
" Is Fairly Priced Deposit Insurance Possible? ,"
Journal of Finance ,
American Finance Association, vol. 47(1), pages 227-45, March.
[Downloadable!] (restricted)
Other versions: Maria Soledad Martinez Peria, 2001.
"Do Depositors Punish Banks for Bad Behavior? Market Discipline, Deposit Insurance, and Banking Crises ,"
Journal of Finance ,
American Finance Association, vol. 56(3), pages 1029-1051, 06.
[Downloadable!] (restricted)
Roger Craine., 1995.
"Fairly Priced Deposit Insurance and Bank Charter Policy ,"
Economics Working Papers
95-234, University of California at Berkeley.
[Downloadable!]
Poon, Winnie P. H. & Firth, Michael & Fung, Hung-Gay, 1999.
"A multivariate analysis of the determinants of Moody's bank financial strength ratings ,"
Journal of International Financial Markets, Institutions and Money ,
Elsevier, vol. 9(3), pages 267-283, August.
[Downloadable!] (restricted)
Morris, Stephen & Shin, Hyun Song, 1999.
"Risk Management with Interdependent Choice ,"
Oxford Review of Economic Policy ,
Oxford University Press, vol. 15(3), pages 52-62, Autumn.
Williamson, Stephen D, 1986.
"Increasing Returns to Scale in Financial Intermediation and the Non-neuturality of Government Policy ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 53(5), pages 863-75, October.
[Downloadable!] (restricted)
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.)
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!]
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!]
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!]
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!]
Stefan Lee, 2001.
"Financial Analysts Perception on Intangibles - An Interview Survey in Finland ,"
Discussion Papers
778, The Research Institute of the Finnish Economy.
[Downloadable!]
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!]
Elina Rissanen, 2002.
"Foreign Aid Policies - Comparing Finland and ireland ,"
Discussion Papers
803, The Research Institute of the Finnish Economy.
[Downloadable!]
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!]
Kauko, Karlo, 2003.
"Interlinking securities settlement systems: A strategic commitment? ,"
Research Discussion Papers
26/2003, Bank of Finland.
[Downloadable!]
Faidon Kalfaoglou & Alexandros Sarris, 2006.
"Modeling the Components of Market Discipline ,"
Working Papers
36, Bank of Greece.
[Downloadable!]
Vauhkonen, Jukka, 2003.
"Are adverse selection models of debt robust to changes in market structure? ,"
Research Discussion Papers
28/2003, Bank of Finland.
[Downloadable!]
Access and
download statistics Did you know? To receive notification of recent additions to the database, subscribe to the free NEP reports .
This page was last updated on 2009-11-22.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .