Bourgain, Arnaud; Pieretti, Patrice; Zanaj, Skerdilajda - Centre de Recherche en Économie Appliquée (CREA), … - 2011
In this paper, we analyze the risk-taking behavior of banks in emerging economies in a context of international capital mobility. Our paper highlights a new channel through which depositors can exercise pressure to control risk taking. Depositors can reallocate their savings away from their home...