Banking Crises, Deposit Insurance, and Market Discipline: Lessons from the Asian Crises

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Kaoru Hosono; Hiroko Iwaki; Kotaro Tsuru;

We investigate the effectiveness of market discipline by depositors during the period of 1992-2002 in the four crisis-hit Asian countries: Indonesia, Korea, Malaysia and Thailand. In Indonesia, the crises first weakened and then strengthened market, which is consistent ... View more
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