Deposit Insurance and International Bank Deposits
AbstractThis Paper examines how international depositors respond to national deposit insurance policies. Countries with explicit deposit insurance are found to be relatively attractive to international non-bank depositors. Schemes characterized by co-insurance, a private administration, and a low deposit insurance premium appear to be particularly favoured by these depositors. The sensitivity of non-bank deposits to deposit insurance policies opens up the possibility of international regulatory competition in this area. The EU directive on deposit insurance imposes minimum standards on national deposit insurance policies. This directive, however, is silent on several important features of deposit insurance such as the level of the deposit insurance premium. Hence, it may not preclude regulatory competition in Europe.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3244.
Date of creation: Mar 2003
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Other versions of this item:
- Harry Huizinga & Ga�tan Nicod�me, 2002. "Deposit insurance and international bank deposits," European Economy - Economic Papers 164, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
- Huizinga Harry & Nicodeme Gaetan, 2003. "Deposit insurance and international bank deposits," International Finance 0302001, EconWPA.
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-03-14 (All new papers)
- NEP-IAS-2003-03-14 (Insurance Economics)
- NEP-RMG-2003-03-14 (Risk Management)
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