whether depositors monitor their banks and withdraw their savings deposits whenever the fundamentals of their bank are no … longer satisfactory. We use a panel of bank-specific data on 250 Swiss banks over the period 1987-1998. We find considerable … evidence of market discipline, in the sense that depositors are sensitive to bank-specific fundamentals, to institutional …

whether depositors monitor their banks and withdraw their savings deposits whenever the fundamentals of their bank are no … longer satisfactory. We use a panel of bank-specific data on 250 Swiss banks over the period 1987-1998. We find considerable … evidence of market discipline, in the sense that depositors are sensitive to bank-specific fundamentals, to institutional …

Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …