What do depositors know about risk?

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dc.citation.epage691en_US
dc.citation.issueNumber4en_US
dc.citation.spage678en_US
dc.citation.volumeNumber17en_US
dc.contributor.authorCaner, S.en_US
dc.contributor.authorÖzyıldırım, S.en_US
dc.contributor.authorUngan, A. E.en_US
dc.date.accessioned2019-02-11T06:28:23Z
dc.date.available2019-02-11T06:28:23Z
dc.date.issued2013en_US
dc.departmentDepartment of Managementen_US
dc.description.abstractThe limited success of bank supervision can be better understood by taking into consideration the country conditions and market-based measures that are effective in constraining bank risk. In the case of Russian Federation and Turkey, regulators' incentive to oversight can be further complicated and hence, it can be argued that depositors compel to select sound banks if they continue to fund intermediation by banks in two countries. In this paper, depositors' sensitivity to risk using change in deposits and the level of interest rates on deposits are tested to understand whether they can effectively limit risk-taking behavior of banks. Comparing depositors' reaction in two countries, we find differentiated reaction by depositors to bank risks. In the Russian Federation, it seems that depositors respond weakly to increased bank risks only with the possibility of withdrawing funds. However, in Turkey depositors exercise both quantity and price discipline on the banks which facilitates in identifying risky banks. Moreover, market development, effectiveness of supervisory agencies, types of banks and types of depositors are found to affect depositors' reaction against banks. The findings of this study suggest that the experiences of depositors in both countries seem to play important role in reliance to market discipline in the future.en_US
dc.description.provenanceSubmitted by Mustafa Er (mer@bilkent.edu.tr) on 2019-02-11T06:28:23Z No. of bitstreams: 1 What do depositors know about risk .pdf: 223409 bytes, checksum: dff59e5289100988ab86795887820e3b (MD5)en
dc.description.provenanceMade available in DSpace on 2019-02-11T06:28:23Z (GMT). No. of bitstreams: 1 What do depositors know about risk .pdf: 223409 bytes, checksum: dff59e5289100988ab86795887820e3b (MD5) Previous issue date: 2013en
dc.identifier.issn1813-8691
dc.identifier.urihttp://hdl.handle.net/11693/49194
dc.language.isoEnglishen_US
dc.publisherIzdatel'skii Dom Natsional'nogo Issledovatel'skogo Universiteta "Vysshaya Shkola Ekonomiki"en_US
dc.source.titleThe HSE Economic Journalen_US
dc.subjectBank risken_US
dc.subjectMonitoringen_US
dc.subjectLarge depositorsen_US
dc.subjectMarket disciplineen_US
dc.subjectG21en_US
dc.subjectG32en_US
dc.titleWhat do depositors know about risk?en_US
dc.typeArticleen_US

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