KARAS, A.; PYLE, W.; SCHOORS, K. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2007
Using a database from post-communist, pre-deposit-insurance Russia, we demonstrate the presence of quantity-based sanctioning of weaker banks by both firms and households. Evidence for the standard form of price discipline, however, is weak. This combination of findings is unusual within the...