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Article

Прозрачность банковской системы и рыночная дисциплина: поиск зависимости

Деньги и кредит. 2010. № 10. С. 69-75.

We aim to discover the relationship between market discipline and banking system transparency using the cross-country data (1990-2003) with Nier index and index based on World Bank surveys' data. We show that measures aimed to increase transparency, not being accompanied with requirements related to information availability and/or interpretability, may be not efficient in reaching the goal of market discipline stimulation.