Preventing systemic crises through bank transparency
Hyytinen, Ari; Takalo, Tuomas (21.10.2003)
Numero
25/2003Julkaisija
Suomen Pankki
2003
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-20140807541Tiivistelmä
The banking system is known to be vulnerable to self-fulfilling crises that are caused by depositors coordination failure.We show that transparency regulation may prevent certain types of systemic crises by eliminating the possibility of the coordination failure. Key words: bank transparency, financial stability, disclosure regulation JEL classification numbers: G21, G28
Julkaisuhuomautus
Published in Economic Notes, 33, 2004: 257-273