depositors, sometimes overshadowing their responses to standard bank fundamentals. Systemic risk can affect market discipline … both regardless of and through bank fundamentals. First, worsening systemic conditions can directly threaten the value of …, Development Research Group--is part of a larger effort in the group to study market discipline"--World Bank web site …

"The authors formulate and test hypotheses about the role of bank ownership types-foreign, state-owned, and private … hypotheses with regard to foreign banks. These banks tend to serve as the main bank for transparent firms, and firms with foreign … across bank ownership types. The data are also consistent with the hypothesis that firms with state-owned main banks are …