Full metadata record
DC Field | Value | Language |
---|---|---|
dc.creator | Gómez-Biscarri, J. (Javier) | - |
dc.creator | López-Espinosa, G. (Germán) | - |
dc.creator | Mesa-Toro, A. (Andrés) | - |
dc.date.accessioned | 2022-12-01T12:47:57Z | - |
dc.date.available | 2022-12-01T12:47:57Z | - |
dc.date.issued | 2021-10-06 | - |
dc.identifier.citation | Gómez-Biscarri, J, López-Espinosa, G, Mesa-Toro, A. (2021). Drivers of depositor discipline in credit unions. Annals of Public and Cooperative Economics, 93, 849– 885. https://doi.org/10.1111/apce.12352 | es_ES |
dc.identifier.issn | 1467-8292 | - |
dc.identifier.uri | https://hdl.handle.net/10171/64777 | - |
dc.description.abstract | In this paper, we analyze whether credit unions are subject to market discipline by their (member) depositors and examine the drivers of such discipline. We first provide descriptive evidence of depositor discipline in credit unions: shares and deposits as well as savings interest rates react to variables that reflect the financial health of the credit union and its asset risk. We show that this discipline is long-lasting and that it is mediated by the existence of a deposit guarantee scheme and by the strength of the relationship of members with the credit union. We then use proxies of the capability of members to process financial information to show that discipline is heavily influenced by member financial sophistication. Our results suggest that a type of market-based discipline acts as a complement for regulation in controlling credit union risk taking, thus contributing to overall financial stability. | es_ES |
dc.description.sponsorship | Andrés Mesa Toro acknowledges financial support from “Asociación de Amigos—Universidad de Navarra”. Germán López-Espinosa acknowledges financial support from the Spanish Ministry of Education through project ECO2012-33619 and ECO2016-78254. Javier Gómez-Biscarri acknowl- edges financial support from the Serra Húnter program, the Barcelona GSE and the Spanish Min- istry of Economy and Competitiveness through the Severo Ochoa Program for Centers of Excel- lence in R&D (SEV-2015-0563) and from the Spanish Ministry of Economy and Competitiveness through project ECO2017-88509-P | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | Wiley | es_ES |
dc.relation | Info:eu-repo/grantAgreement/MINECO/Proyectos de Investigación Fundamental No-Orientada/ECO2012-33619/[ES]/CALIDAD DE LAS CIFRAS CONTABLES, DISCRECIONALIDAD DE LOS GESTORES Y CRISIS FINANCIERAS | - |
dc.relation | info:ue-repo/grantAgreement/AEI/Proyectos I+D/ECO2017-88509-P/[ES]/INFORMACION, INTERMEDIACION FINANCIERA, MERCADOS FINANCIEROS Y ENDEUDAMIENTO EMPRESARIAL | - |
dc.rights | info:eu-repo/semantics/openAccess | es_ES |
dc.subject | Bank–client relationship | es_ES |
dc.subject | Credit unions | es_ES |
dc.subject | Depositor discipline | es_ES |
dc.subject | Financial literacy | es_ES |
dc.title | Drivers of depositor discipline in credit unions | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.relation.publisherversion | https://onlinelibrary.wiley.com/doi/full/10.1111/apce.12352 | es_ES |
dc.publisher.place | Estados Unidos de América | es_ES |
dc.identifier.doi | 10.1111/apce.12352 | - |
dadun.citation.endingPage | 885 | es_ES |
dadun.citation.number | 93 | es_ES |
dadun.citation.publicationName | Annals of Public and Cooperative Economics | es_ES |
dadun.citation.startingPage | 849 | es_ES |
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