Deposit Insurance Around the Globe : Where Does It Work?

• Tác giả: Edward J Kane
• Ngôn ngữ: eng
• Ký hiệu phân loại: 368.9 Insurance by specific continents, countries, localities in modern world
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 325698
• Chủ đề: 1. ACCOUNTABILITY; 2. ACCOUNTING; 3. ADMINISTRATIVE COSTS; 4. AUDITS; 5. BANK CAPITAL

Tóm tắt

Explicit deposit insurance has been spreading rapidly in recent years, even to countries not advanced in financial and institutional development. Economic theory indicates that deposit insurance design features interact--for good or ill--with country-specific elements of the financial and governmental contracting environment. The authors document the extent of cross-country differences in deposit insurance design and review empirical evidence on how 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 addresing weaknesses in their informational and supervisory environments.