Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212593 
Year of Publication: 
2007
Series/Report no.: 
BOFIT Discussion Papers No. 2/2007
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
This paper examines the extent to which the observed diversity of private deposit interest rates in Russia is explained by bank financial indicators.We also test for whether the introduction of the bank deposit insurance scheme in 2005 affected deposit interest rates.Our results suggest market discipline in the Russian banking system involves Russian depositors demanding higher deposit interest rates from banks with risky financial policies.This discipline seems stronger than in developed countries.Our study suggests also that the risks taken by banks increased after introducing the deposit insurance.
Subjects: 
banking
deposit interest rates
moral hazard
deposit insurance
Russia
JEL: 
D43
E53
G21
P34
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-850-1
Document Type: 
Working Paper

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