This paper tests for the presence of depositor discipline by examining the effect of depository institutions' risk on the pricing and growth of uninsured deposits. The study analyzes a large panel of thrifts that includes detailed information on interest rate schedules. This information allows the authors to develop a time-consistent risk profile for thrifts. Their empirical findings support the presence of market discipline. Riskier banks are found to pay higher interest rates but attract smaller amounts of uninsured deposits. The authors also find that qualitative results are similar for fully insured deposits, although statistical significance is substantially lower.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Volume (Year): 30 (1998) Issue (Month): 3 (August) Pages: 347-64 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Other versions of this item:
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.) This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.