Deposit Insurance Around the Globe: Where Does It Work? | Zendy

Aslı Demirgüç | Zendy; Edward J. Kane | Zendy

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Deposit Insurance Around the Globe: Where Does It Work?

Author(s) -

Aslı Demirgüç,

Edward J. Kane

Publication year - 2002

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/0895330027319

Subject(s) - globe , deposit insurance , work (physics) , empirical evidence , market discipline , business , financial crisis , private sector , actuarial science , economics , finance , financial system , economic growth , macroeconomics , engineering , medicine , mechanical engineering , philosophy , epistemology , ophthalmology

Explicit deposit insurance has been spreading rapidly in recent years, even to countries with low levels of financial and institutional development. This paper documents the extent of cross-country differences in deposit insurance design and reviews empirical evidence on how particular design features affect private market discipline, banking stability, financial development and the effectiveness of crisis resolution. This evidence challenges the wisdom of encouraging countries to adopt explicit deposit insurance without first stopping to assess and remedy weaknesses in their informational and supervisory environments.

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