Hori, Masahiro; Ito, Yasuaki; Murata, Keiko - In: Pacific Economic Review 14 (2009) 5, pp. 581-592
This paper empirically examines depositors' ability to distinguish healthy banks from problematic banks, a necessary condition for depositors to impose discipline on banking institutions. We analyzed a large panel of 784 deposit-taking institutions in Japan during the period from the 1992...