Preventing Systemic Crises through Bank Transparency

The banking system is known to be vulnerable to self-fulfilling crises that are caused by depositors' co-ordination failure. We show that transparency regulation may prevent certain types of systemic crisis by eliminating the possibility of coordination failure. Copyright Banca Monte dei Paschi di Siena SpA, 2004

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Year of publication:	2004
Authors:	Hyytinen, Ari ; Takalo, Tuomas
Published in:	Economic Notes. - Banca Monte dei Paschi di Siena SpA. - Vol. 33.2004, 2, p. 257-273
Publisher:	Banca Monte dei Paschi di Siena SpA

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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