Karas, Alexei; Pyle, William; Schoors, Koen - In: Oxford Economic Papers 62 (2010) 1, pp. 36-61
Using a database from post-communist, pre-deposit-insurance Russia, we demonstrate the presence of quantity-based sanctioning of weaker banks by both firms and households. Evidence for the standard form of price discipline, however, is weak. This combination of findings is unusual within the...