This paper tests the effect of systemic risk on deposit market discipline by interacting proxies for systemic risk with bank-specific default-risk variables. Discipline is measured by estimating a supply of deposit funds function at Thai banks from 1992 to 1997. The results show that supply...

This paper presents a comparative analysis of the key causes and effects of The Asian Financial Crisis (AFC) of 1997-99 and the Global Financial Crisis (GFC) of 2007-09. Drawing on existing financial crisis scholarship, the author finds that weak institutions, speculative attacks and political...