The National Deposit Insurance System - A Market Institution at the Crossroads
AbstractThe 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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Bibliographic InfoArticle 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)
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Postal: Strada Mihai Eminescu nr.13-15, sector 1, Bucuresti, Romania
Web page: http://www.fin.ase.ro/
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Insurance systems; market distortions; effects; costs; competi;
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NBER Working Papers
12862, National Bureau of Economic Research, Inc.
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- Demirguc-Kunt, Asli & Kane, Edward J. & Laeven, Luc, 2006. "Determinants of deposit-insurance adoption and design," Policy Research Working Paper Series 3849, The World Bank.
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