This paper analyses market discipline mechanisms at Polish cooperative banks within the special context of their internet activity. I argue that cooperative banks’ depositors punish more risky banks for their bad behavior by withdrawing deposits. The findings demonstrate that a greater emphasis could be placed on stimulating market discipline at cooperative banks because a large number of these institutions hampers their regulatory discipline. To strengthen the market discipline mechanisms, regulators should promote internet activity at cooperative banks and among their depositors, as well as require banks to present financial information on their websites and to adopt online banking systems.

中文翻译：

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合作银行，互联网和市场纪律

本文分析了波兰合作银行在其互联网活动特殊背景下的市场纪律机制。我认为合作银行的存款人会通过提取存款来惩罚风险较高的银行的不良行为。研究结果表明，由于合作社银行中的大量机构阻碍了其监管纪律，因此可以更加重视刺激合作银行的市场纪律。为了加强市场纪律机制，监管机构应在合作银行及其储户之间促进互联网活动，并要求银行在其网站上提供金融信息并采用在线银行系统。