Andrievskaya, Irina; Semenova, Maria - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
The interbank market plays an important role in the overall function of the financial system. The efficiency of the … interbank market, in turn, depends largely on its inherent disciplining mechanisms. This paper investigates the discipline … mechanisms of Russia’s interbank market, testing the hypothesis that market discipline in Russia was strong enough to constrain …