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The National Deposit Insurance System - A Market Institution at the Crossroads

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  • Antoaneta Geala

    (Academia de Studii Economice / Facultatea de Finante, Asigurari, Banci si Burse de Valori)

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    Abstract

    The safety net provided by deposit insurance systems gain heavily in weight at times of crisis. The correct set of such a cushion is critical to its effectiveness. While it helps to prevent bank runs, the severe market distortions are of great concern. The short term benefit of public confidence can be, far and away, offset by its long run negative effects consisting mainly in increased moral hazard, heavy public costs and impaired competition.

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    File URL: http://www.rfb.ase.ro/articole/RFB8.pdf
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    Bibliographic Info

    Article provided by Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante in its journal The Review of Finance and Banking.

    Volume (Year): 01 (2009)
    Issue (Month): 1 (December)
    Pages: 055-068

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    Handle: RePEc:rfb:journl:v:01:y:2009:i:1:p:055-068

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    Keywords: Insurance systems; market distortions; effects; costs; competi;

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    1. Peresetsky , Anatoly, 2008. "Market Discipline and Deposit Insurance in Russia," BOFIT Discussion Papers 14/2008, Bank of Finland, Institute for Economies in Transition.
    2. Asli Demirgüç-Kunt & Luis Servén, 2010. "Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro- and Financial Policies," World Bank Research Observer, World Bank Group, vol. 25(1), pages 91-124, February.
    3. James B. Thomson & Walker F. Todd, 1990. "Rethinking and Living with the Limits of Bank Regulation," Cato Journal, Cato Journal, Cato Institute, vol. 9(3), pages 579-600, Winter.
    4. Asli Demirguc-Kunt & Edward J. Kane & Luc Laeven, 2007. "Determinants of Deposit-Insurance Adoption and Design," NBER Working Papers 12862, National Bureau of Economic Research, Inc.
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