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Russia' banking sector transition: Where to?
Vernikov, Andrei V. - 2007
This paper applies an analytical paradigm of institutional economics to the transition of the Russian banking sector, focusing on the interplay between ownership change and institutional change. We find that the state's withdrawal from commercial banking has been inconsistent and limited in...
Persistent link: https://www.econbiz.de/10012148527
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Russia's banking sector transition: Where to?
Vernikov, Andrei V. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2007
This paper applies an analytical paradigm of institutional economics to the transition of the Russian banking sector, focusing on the interplay between ownership change and institutional change. We find that the state’s withdrawal from commercial banking has been inconsistent and limited in...
Persistent link: https://www.econbiz.de/10005648571
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A castle built on sand: the effects of mass privatization on stock market creation in transition economies
Fungáčová, Zuzana; Hanousek, Jan - 2006
This paper deals with the relationship between mass privatization and stock market development in transition economies … hypothesis that mass privatization exerted a negative influence on stock market functioning over the short and medium term ….Further, it appears that stock markets in countries with mass privatization were initially perceived as mere byproducts of the …
Persistent link: https://www.econbiz.de/10012148517
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A castle built on sand: The effects of mass privatization on stock market creation in transition economies
Fungacova, Zuzana; Hanousek, Jan - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2006
This paper deals with the relationship between mass privatization and stock market development in transition economies … the hypothesis that mass privatization exerted a negative influence on stock market functioning over the short and medium … term. Further, it appears that stock markets in countries with mass privatization were initially perceived as mere …
Persistent link: https://www.econbiz.de/10005419586
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Like China, the Chinese banking sector is in a class of its own
Fungáčová, Zuzana; Korhonen, Iikka - 2011
, various financial institutions that operate in China are analyzed. Our results confirm that the Chinese banking sector is …
Persistent link: https://www.econbiz.de/10012148651
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Bank stress tests as an information device for emerging markets: The case of Russia
Fungáčová, Zuzana; Jakubik, Petr - 2012
The recent financial crisis emphasised the need for effective financial stability analyses and tools for detecting …
Persistent link: https://www.econbiz.de/10012148658
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Deposit insurance, market discipline and bank risk
Karas, Alexei; Pyle, William; Schoors, Koen - 2019
Using evidence from Russia, we explore the effect of the introduction of deposit insurance on bank risk. Drawing on within-bank variation in the ratio of firm deposits to total household and firm deposits, so as to capture the magnitude of the decrease in market discipline after the introduction...
Persistent link: https://www.econbiz.de/10012148849
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Like China, the Chinese banking sector is in a class of its own
Fungacova, Zuzana; Korhonen, Iikka - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2011
, various financial institutions that operate in China are analyzed. Our results confirm that the Chinese banking sector is …
Persistent link: https://www.econbiz.de/10009653398
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Bank stress tests as an information device for emerging markets: The case of Russia
Fungácová, Zuzana; Jakubík, Petr - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2012
The recent financial crisis emphasised the need for effective financial stability analyses and tools for detecting …
Persistent link: https://www.econbiz.de/10009649724
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The effect of deposit insurance on market discipline: Evidence from a natural experiment on deposit flows
Karas, Alexei; Pyle, William; Schoors, Koen - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2010
We explore how the introduction of explicit deposit insurance affects deposit flows into and out of banks of varying risk levels. Using evidence from a natural experiment in Russia, we employ a difference-in-difference estimator to isolate the change in the deposit flows of a newly insured group...
Persistent link: https://www.econbiz.de/10008466297