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 |