The Development Impact of Financial Regulation : Evidence from Ethiopia and Antebellum USA
In absence of deposit insurance, underdeveloped financial systems can exhibit a coordination failure between banks, unable to commit on safe asset holding, and depositors, anticipating low deposit repayment in bad states. This paper shows condition...
Main Authors: | , |
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Format: | Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2016
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2016/06/26533515/development-impact-financial-regulation-evidence-ethiopia-antebellum-usa http://hdl.handle.net/10986/24651 |