?
Market Discipline and Deposit Insurance: the Evidence from Russian Market for Personal Deposits
P. 413–423.
The article dealsthe following questions to answer:
• Do any mechanisms of market discipline exist in Russian market for personal deposits? We analyze the quantitative mechanisms: disciplining by quantity and by maturity shifts.
• Did the DIS introduction influence depositors’ investment strategies?
In book
Кн. 3. , М.: Издательский дом ГУ-ВШЭ, 2009.
Bondarenko M., M.V. Semenova, A.A. Balsevich, The Journal of the New Economic Association 2025 No. 3(68) P. 53–77
This study investigates Russian banks’ strategy of infl ating deposit interest rates in attempt to raise additional funds before leaving the market. We use unique data on bank-level deposit interest rates for various maturities from 2015 to 2016, along with bank fundamentals. Unlike previous studies that rely on implicit deposit interest rates, we utilize data ...
Added: October 15, 2025
Penikas H. I., Известия Дальневосточного федерального университета 2023 Т. 4 С. 55–70
Неявным страхованием вкладов называют ситуацию, когда граждане больше доверяют банкам с государственным участием при размещении в них депозитов на суммы, сверх лимитов государственной системы страхования вкладов. Эффект неявного страхования уже изучался в России, но в период пандемии и на данных предложений ставок по вкладам для Москвы. В настоящем исследовании обновлён набор данных до 2023–2024 гг. и расширен ...
Added: March 5, 2024
Penikas H. I., Вопросы экономики 2021 № 10 С. 89–112
Deposit insurance system (DIS) exists for 17 years in Russia. The major deposit market share belongs to state banks. Ordinary depositors may perceive the status of the bank state ownership to reflect additional deposit safety, even in the excess of the DIS limits. Such a situation is called an “implicit deposit insurance” in the literature. ...
Added: October 13, 2021
Semenova M., Benov A., / NRU Higher School of Economics. Series FE "Financial Economics". 2021. No. 81/FE/2021.
During periods of financial turmoil, depositor behaviour is influenced by the economic information environment, which is largely formed by the media—at least for retail depositors. Therefore the severity of bank runs during financial crises, and their efficiency might be conditional on the volume of the bad news appearing in the media during a crisis. If ...
Added: July 14, 2021
Schoors K., Semenova M., Zubanov A., Journal of Financial Stability 2019 Vol. 43 P. 25–39
We analyze whether bank familiarity affects depositor behavior during financial crisis. Familiarity is measured by regional or local cues in the bank's name. Depositor behavior is measured by the depositor's sensitivity to observable bank risk (depositor discipline). Using 2001-2010 bank-level and region-level data for Russia, we find that depositors of familiar banks become less sensitive to bank risk during a financial crisis relative to depositors of unfamiliar banks. To validate that our results stem from a flight to familiarity during crisis and not from implicit guarantees from regional governments, we ...
Added: October 25, 2019
Schoors K., Semenova M., Zubanov A., Journal of Financial Stability 2019 Vol. 43 P. 25–39
We analyze whether bank familiarity affects depositor behavior during financial crisis. Familiarity is measured by regional or local cues in the bank’s name. Depositor behavior is measured by the depositor’s sensitivity to observable bank risk (depositor discipline). Using 2001–2010 bank-level and region-level data for Russia, we find that depositors of familiar banks become less sensitive to bank risk ...
Added: May 31, 2019
Молодико К.Ю., , in: Приватне право і підприємництвоIssue 10.: [б.и.], 2011. P. 192–196.
Существует объективная потребность в законодательном обязании коммерческих банков объединяться в фонды гарантирования, но на основах самоуправления. Системы страхования (гарантирования) депозитов не должны базироваться на уравнительном подходе, должна существовать взаимосвязь между рискованностью политики банка и размером его взносов в систему. Важно осуществить переход от рефинансирования отдельных коммерческих банков к рефинансированию межбанковских систем гарантирования. И только в исключительных случаях, когда ...
Added: April 6, 2019
Semenova M., Shapkin A., Emerging Markets Finance and Trade 2019 Vol. 55 No. 10 P. 2149–2163
In developing economies, which rely considerably on the dollar and euro, changes in the currency structure of bank deposits may be strategic and may work as an additional market discipline mechanism. This study sheds light on this currency shifts mechanism in the Russian market for personal deposits. Using data on 900 banks for 2005–2015, we ...
Added: March 28, 2019
Молодико К.Ю., , in: Проблеми регулювання приватноправових відносин в умовах регіональних та глобальних трансформацій.: Kiev: Право України, 2013. P. 173–213.
Added: November 23, 2018
Semenova M., Bondarenko M., / Series WP BRP FE "Financial Economics". 2018. No. 65FE2018.
In recent years the Russian banking system has witnessed numerous bank license withdrawals. Many of the failed banks had significant volumes of retail deposits in their liabilities, thus, transmitting the default burden to the Deposit Insurance Agency and ultimately to the taxpayers. In their attempt to stay in the market banks may try to attract ...
Added: June 7, 2018
Semenova M., Козлова А. А., Экономический журнал Высшей школы экономики 2017 Т. 21 № 1 С. 66–88
We study the market discipline by retail depositors of the foreign bank subsidiaries in Russia. We analyze the effect of the direct signal about the bank’s foreign origin – the bank’s title - to deposit growth (quantitative discipline) and interest rates (price discipline) sensitivity to the bank riskiness. We assume that the banks having direct ...
Added: April 7, 2017
Schoors K., Semenova M., Зубанов А., / Series DP "BOFIT Discussion Papers". 2017. No. 1/2017.
We analyze whether a depositor’s familiarity with a bank affects depositor behavior during a financial crisis. Familiarity is measured by the presence of regional or local cues in the bank’s name, while depositor behavior is considered in terms of depositor sensitivity to observable bank risk (market discipline exerted by depositors). Using the 2001–2010 bank-level and ...
Added: February 4, 2017
Semenova M., Shapkin A., / NRU Higher School of Economics. Series FE "Financial Economics". 2016. No. 57/FE/2016.
Market discipline in the personal deposit market is of great importance for regulators. In developing economies, which rely much and are dependent on the dollar and euro, changes in the currency structure of the deposits may be strategic and work as an additional disciplining mechanism. Our study sheds light on this mechanism of currency shifts ...
Added: October 22, 2016
Schoors K., Semenova M., Zubanov A., / Series WP BRP "Financial Economics". 2016. No. 58/FE/2016.
We analyse whether depositor familiarity with a bank affects depositor behaviour during a financial crisis. We measure familiarity by looking for regional or local cues in the bank’s name. We measure depositor behaviour by the their sensitivity to observable bank risk (market discipline). Using 2001–2010 bank-level and region-level data for Russia, we find that depositors ...
Added: October 20, 2016