Preventing Systemic Crises through Bank Transparency
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
Year of publication: |
2004
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Authors: | Hyytinen, Ari ; Takalo, Tuomas |
Published in: |
Economic Notes. - Banca Monte dei Paschi di Siena SpA. - Vol. 33.2004, 2, p. 257-273
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Publisher: |
Banca Monte dei Paschi di Siena SpA |
Saved in:
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