Depositors take charge: Banks respond to financial crises with higher rates.
The study looked at how new rules in Turkish banks affected how depositors react to banks performing poorly. After the 2008 crisis, depositors started to take more action when banks were not doing well. Banks also changed how they treat depositors, offering better rates to keep them from taking out their money. This shows that the new rules helped make the financial system more stable by making sure banks are watched closely by both regulators and customers.