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Do High Deposit Interest Rates Signal Bank Default? Evidence from the Russian Retail Deposit Market
Bondarenko, Maria - 2018
In recent years the Russian banking system has witnessed numerous bank license withdrawals. Many of the failed banks had significant volumes of retail deposits in their liabilities, thus, transmitting the default burden to the Deposit Insurance Agency and ultimately to the taxpayers. In their...
Persistent link: https://www.econbiz.de/10012917211
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Depositor Discipline in Russian Regions : Flight to Familiarity or Trust in Local Authorities?
Schoors, Koen J. L. - 2016
observable bank risk (market discipline). Using 2001-2010 bank-level and region-level data for Russia, we find that depositors of …
Persistent link: https://www.econbiz.de/10012980857
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A Bank Run in a Classroom : Do Smart Depositors Withdraw on Time?
Semenova, Maria - 2018
This paper discusses whether being smart makes depositors less prone to get involved in a panic bank run. We conduct a series of experiments with undergraduate and graduate students from Moscow and Saint-Petersburg, modelling the a-la Diamond-Dybvig deposit market with liquidity shocks, changing...
Persistent link: https://www.econbiz.de/10012929158
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Governance by Depositors, Bank Runs and Ambiguity Aversion : A Theoretical Approach
Guillemin, François - 2018
We investigate the theoretical relationship between ambiguity aversion and the decision to withdraw early from a deposit contract. We first document and define the concepts to illustrate our results. Then we extend the theoretical framework of Gorton (1985) to implement a model of maxmin...
Persistent link: https://www.econbiz.de/10012913091
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A Model for Policy Interest Rates
Seibert, Armin - 2018
This paper introduces a model that addresses the key worldwide features of modern monetary policy making: the discreteness of policy interest rates both in magnitude and in timing, the preponderance of status quo decisions, policy inertia and regime switching. We capture them by developing a new...
Persistent link: https://www.econbiz.de/10012919091
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Explaining the Productivity Advantages of Manufacturing Firms in Russian Urban Agglomerations
Ksenia, Gonchar - 2012
manufacturing industry in Russia. A settlement is counted as part of an urban agglomeration in two cases: that of a large, central …
Persistent link: https://www.econbiz.de/10013096182
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Executing the Decisons of Foreign Courts and the Question of Sovereignty in Russia
Antonov, Mikhail - 2012
The author examines the theoretical difficulties of implementing decisions and awards of foreign courts in Russia … educational background of legal professionals – especially judges – in Russia. It is suggested that the statist conception of law … of law developing in the mentality of legal professionals in Russia …
Persistent link: https://www.econbiz.de/10013096271
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Challenges and New Trends for Nonprofit Accountability in Russia
Jakobson, Lev - 2012
Nonprofit accountability in Russia is becoming increasingly important as nonprofit organizations become more open …
Persistent link: https://www.econbiz.de/10013096520
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Are Banks Peer Disciplined? Evidence from Post-Crisis Russia
Semenova, Maria - 2012
assess correctly the riskiness of other banks. However, the “crises of trust” (as one in 2004 in Russia) create some doubts …
Persistent link: https://www.econbiz.de/10013097640
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A 'De Soto Effect in Industry? Evidence from The Russian Federation
Karas, Alexei - 2012
The empirical literature assessing the connection between land rights, access to finance and investment activity has focused largely on actors that, for multiple reasons, might face difficulties accessing credit. Communities of small-scale farmers or poor urban households in developing...
Persistent link: https://www.econbiz.de/10013097641