Depositor vigilance in the immediate aftermath of Russia's 1998 crisis: education, media freedom and Sberbank as a repository of trust

William Pyle, Koen Schoors, Maria Semenova and K. Yudaeva
Additional contact information
K. Yudaeva: -

Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium from Ghent University, Faculty of Economics and Business Administration

Abstract: In the immediate aftermath of Russia’s 1998 crisis household depositors withdrew money from the insolvent and state-owned Sberbank, despite its unique protection by two explicit government guarantees and its reputation of a repository of trust. This was less the case in well-educated, older, more conservative and remote regions and more so in wealthy, entrepreneurial and central regions, enjoying more media freedom. Survey data confirm that access to free media like NTV turns depositors more vigilant about their banks. Well educated people’s better understanding turns them less likely to run on Sberbank but more likely to run on other banks.

Pages: 29 pages
Date: 2012-03
New Economics Papers: this item is included in nep-tra
References: Add references at CitEc
Citations:

Downloads: (external link)
http://wps-feb.ugent.be/Papers/wp_12_780.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rug:rugwps:12/780

Access Statistics for this paper

More papers in Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium from Ghent University, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Nathalie Verhaeghe ().