The thrust of current deposit insurance reform--risk-based insurance premiums and capital requirements--is an effort to price deposit insurance more fairly. Fairly pricing deposit insurance eliminates inequitable wealth transfers but it does not lead to an efficient equilibrium. This paper shows that an alternative charter policy results in an efficient separating equilibrium. Copyright 1995 by American Finance Association.
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Article provided by American Finance Association in its journal Journal of Finance.
Volume (Year): 50 (1995) Issue (Month): 5 (December) Pages: 1735-46 Download reference. The following formats are available: HTML
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