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Was there an implicit full guarantee at financial institutions in Thailand? Evidence of risk pricing by depositors


  • Opiela, Timothy P.


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  • Opiela, Timothy P., 2004. "Was there an implicit full guarantee at financial institutions in Thailand? Evidence of risk pricing by depositors," Journal of Comparative Economics, Elsevier, vol. 32(3), pages 519-541, September.
  • Handle: RePEc:eee:jcecon:v:32:y:2004:i:3:p:519-541

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    References listed on IDEAS

    1. Thomas Mondschean & Timothy Opiela, 1999. "Bank Time Deposit Rates and Market Discipline in Poland: The Impact of State Ownership and Deposit Insurance Reform," Journal of Financial Services Research, Springer;Western Finance Association, vol. 15(3), pages 179-196, May.
    2. Dooley, Michael P, 2000. "A Model of Crises in Emerging Markets," Economic Journal, Royal Economic Society, vol. 110(460), pages 256-272, January.
    3. Ellis, David M. & Flannery, Mark J., 1992. "Does the debt market assess large banks, risk? : Time series evidence from money center CDs," Journal of Monetary Economics, Elsevier, vol. 30(3), pages 481-502, December.
    4. Laeven, Luc, 2000. "Banking risks around the world - the implicit safety net subsidy approach," Policy Research Working Paper Series 2473, The World Bank.
    5. Kaplan-Appio, Idanna, 2002. "Estimating the Value of Implicit Government Guarantees to Thai Banks," Review of International Economics, Wiley Blackwell, vol. 10(1), pages 26-35, February.
    6. Allen N. Berger, 1991. "Market discipline in banking," Proceedings 328, Federal Reserve Bank of Chicago.
    7. Corsetti, Giancarlo & Pesenti, Paolo & Roubini, Nouriel, 1999. "What caused the Asian currency and financial crisis?," Japan and the World Economy, Elsevier, vol. 11(3), pages 305-373, October.
    8. Flannery, Mark J, 1998. "Using Market Information in Prudential Bank Supervision: A Review of the U.S. Empirical Evidence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 30(3), pages 273-305, August.
    9. Mishkin, Frederic S., 1999. "Lessons from the Asian crisis," Journal of International Money and Finance, Elsevier, vol. 18(4), pages 709-723, August.
    10. Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2000. "Understanding the Korean and Thai currency crises," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q III, pages 45-60.
    11. Hooks, Linda M. & Robinson, Kenneth J., 2002. "Deposit Insurance And Moral Hazard: Evidence From Texas Banking In The 1920s," The Journal of Economic History, Cambridge University Press, vol. 62(03), pages 833-853, September.
    12. Roberto Chang & Andres Velasco, 2001. "A Model of Financial Crises in Emerging Markets," The Quarterly Journal of Economics, Oxford University Press, vol. 116(2), pages 489-517.
    13. Steven Radelet & Jeffrey Sachs, 1998. "The Onset of the East Asian Financial Crisis," NBER Working Papers 6680, National Bureau of Economic Research, Inc.
    14. Maurice Obstfeld, 1994. "The Logic of Currency Crises," NBER Working Papers 4640, National Bureau of Economic Research, Inc.
    15. Erlend Nier & Ursel Baumann, 2003. "Market discipline, disclosure and moral hazard in banking," Proceedings 861, Federal Reserve Bank of Chicago.
    16. Robert R. Bliss, 2001. "Market discipline and subordinated debt: a review of some salient issues," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I, pages 24-45.
    17. Hannan, Timothy H & Hanweck, Gerald A, 1988. "Bank Insolvency Risk and the Market for Large Certificates of Deposit," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(2), pages 203-211, May.
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    Cited by:

    1. Önder, Zeynep & Özyildirim, Süheyla, 2008. "Market Reaction to Risky Banks: Did Generous Deposit Guarantee Change It?," World Development, Elsevier, vol. 36(8), pages 1415-1435, August.
    2. Hasan, Iftekhar & Jackowicz, Krzysztof & Kowalewski, Oskar & Kozłowski, Łukasz, 2013. "Market discipline during crisis: Evidence from bank depositors in transition countries," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 5436-5451.
    3. Emmanuelle Nys & Amine Tarazi & Irwan Trinugroho, 2013. "Political Connections, Bank Deposits, and Formal Deposit Insurance: Evidence from an Emerging Economy," Working Papers hal-00916513, HAL.
    4. Timothy P. Opiela, 2008. "Differential Deposit Guarantees And The Effect Of Monetary Policy On Bank Lending," Economic Inquiry, Western Economic Association International, vol. 46(4), pages 610-623, October.
    5. Nys, Emmanuelle & Tarazi, Amine & Trinugroho, Irwan, 2015. "Political connections, bank deposits, and formal deposit insurance," Journal of Financial Stability, Elsevier, vol. 19(C), pages 83-104.
    6. repec:wsi:serxxx:v:62:y:2017:i:01:n:s021759081740001x is not listed on IDEAS
    7. Jiranyakul, Komain & Opiela, Timothy, 2014. "Market Discipline at Thai Banks before the Asian Crisis," MPRA Paper 54492, University Library of Munich, Germany.

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