Banks and Banking: Institutions and Markets
Using instruments of institutional analysis in banking sector is rather promising. The information asymmetry paradigm, the theory of hold-up and rent-seeking, the trust and social capital concepts – all these allow for a new insight into the problems of the existence of banks, their relationships with lenders, borrowers, regulators and supervisors. Our projects deal with different aspects banking (including various banking markets, as well as regulation issues) and households’ financial behavior in Russia and other emerging economies, as well as in a cross-country prospective.
Selected publications:
— Iakimenko I., Semenova M., Zimin E. The more the better? Information sharing and credit risk // Journal of International Financial Markets, Institutions and Money. 2022. Vol. 80. Article 101651
— Guillemin F., Semenova M. Transparency and market discipline: evidence from the Russian interbank market // Annals of Finance. 2020. Vol. 16. No. 2. P. 219-251
— Semenova M., Shapkin A. Currency Shifts as a Market Discipline Device: The Case of the Russian Market for Personal Deposits // Emerging Markets Finance and Trade. 2019. Vol. 55. No. 10. P. 2149-2163
— Schoors K., Semenova M., Zubanov A. Depositor discipline during crisis: Flight to familiarity or trust in local authorities? // Journal of Financial Stability. 2019. Vol. 43. P. 25-39
— Semenova M., Andrievskaya I. Does banking system transparency enhance bank competition? Cross-country evidence // Journal of Financial Stability. 2016. Vol. 23. P. 33-50.
— Semenova M., Kulikova V. Informal Loans in Russia: Why Not to Borrow from a Bank? // Review of Pacific Basin Financial Markets and Policies. 2016. Vol. 19. No. 3. P. 1650016-1-1650016-41.
— Semenova M., Andrievskaya I. K. Market Discipline in the Interbank Market: Evidence from Russia // Eastern European Economics. 2015. Vol. 53. No. 2. P. 69-98.
— Semenova M., Savchenko P. V. Sitting on the fence: does having a ‘dual-director’ add to bank profitability? // Applied Economics Letters. 2015. Vol. 22. No. 8. P. 654-657.
— Pyle W., Schoors K., Semenova M., Yudaeva K. Bank Depositor Behavior in Russia in the Aftermath of Financial Crisis // Eurasian Geography and Economics. 2012. Vol. 53. No. 2. P. 267-284.
— Semenova M. Market discipline and banking system transparency: Do we need more information? //Journal of Banking Regulation. 2012. Vol. 13. No. 3. P. 241-248.
— Semenova M. Information Sharing in Credit Markets: Incentives for Incorrect Information Reporting //The Journal of Comparative Economic Studies. 2008. Vol. 50. No. 3. P. 381-415.
Psrticipants:
Maria Semenova
Anna Andreevna Balsevich
Roman Poltavets
Polina Popova
Evgenii Zimin
Contact person: Мaria Semenova (msemenova@hse.ru)
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