Preventing systemic crises through bank transparency

Ari Hyytinen () and Tuomas Takalo
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Ari Hyytinen: Bank of Finland, Financial Markets and Statistics

No 25/2003, Research Discussion Papers from Bank of Finland

Abstract: The banking system is known to be vulnerable to self-fulfilling crises that are caused by depositors’ coordination failure. We show that transparency regulation may prevent certain types of systemic crises by eliminating the possibility of the coordination failure.

Keywords: bank transparency; financial stability; disclosure regulation (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: Written
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http://www.bof.fi/NR/rdonlyres/7612F973-70A1-4C39-9C15-A1A1CD213BDF/0/0325.pdf (application/pdf)

Related works:
Working Paper: Preventing Systemic Crises through Bank Transparency (2001)
Journal Article: Preventing Systemic Crises through Bank Transparency (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:hhs:bofrdp:2003_025

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