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Deposit Insurance During EU Accession

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  • Nikolay Nenovsky

    ()

  • Kalina Dimitrova

    ()

Abstract

The paper presents a brief review of the systems of deposit insurance in accession countries, comparing their level of harmonization with the perspective of their EU integration. Studying the different practices of deposit insurance in the context of developing financial safety nets in future Europe we have found that: (i) there is overinsurance of deposits in accession countries, and (ii) that this could lead to increasing moral hazard, incentives deformation and increasing costs of banking intermediation in the whole euro area.

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Bibliographic Info

Paper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number 2003-617.

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Length: 21 pages
Date of creation: 01 Oct 2003
Date of revision:
Handle: RePEc:wdi:papers:2003-617

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Keywords: deposits insurance; financial regulation; accession countries;

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References

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  1. Hermes, Niels & Lensink, Robert, 2000. "Financial system development in transition economies," Journal of Banking & Finance, Elsevier, Elsevier, vol. 24(4), pages 507-524, April.
  2. Huizinga, Harry & Nicodeme, Gaetan, 2003. "Deposit Insurance and International Bank Deposits," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3244, C.E.P.R. Discussion Papers.
  3. Scholtens, Bert, 2000. "Financial regulation and financial system architecture in Central Europe," Journal of Banking & Finance, Elsevier, Elsevier, vol. 24(4), pages 525-553, April.
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  6. Erik Berglof & Patrick Bolton, 2002. "The Great Divide and Beyond: Financial Architecture in Transition," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 16(1), pages 77-100, Winter.
  7. Asli Demirgüç-Kunt & Edward J. Kane, 2004. "Deposit Insurance: Handle with Care," Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile, in: Luis Antonio Ahumada & J. Rodrigo Fuentes & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.), Banking Market Structure and Monetary Policy, edition 1, volume 7, chapter 12, pages 345-358 Central Bank of Chile.
  8. Calomiris, Charles W., 1999. "Building an incentive-compatible safety net," Journal of Banking & Finance, Elsevier, Elsevier, vol. 23(10), pages 1499-1519, October.
  9. Bonin, John & Wachtel, Paul, 2002. "Financial sector development in transition economies: Lessons from the first decade," BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition 9/2002, Bank of Finland, Institute for Economies in Transition.
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  12. Asli Demirgüç-Kunt & Enrica Detragiache, 1997. "The Determinants of Banking Crises," IMF Working Papers 97/106, International Monetary Fund.
  13. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Minneapolis, issue Win, pages 14-23.
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Citations

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Cited by:
  1. Dinger, Valeriya & Hagen, Jürgen von, 2007. "Does Interbank Borrowing Reduce Bank Risk?," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University 223, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  2. Djurdjica Ognjenovic, 2006. "Basic Principles of Financial Planning in Ex-ante Deposit Insurance Schemes," Financial Theory and Practice, Institute of Public Finance, Institute of Public Finance, vol. 30(4), pages 369-380.
  3. Eisenbeis, Robert A. & Kaufman, George G., 2008. "Cross-border banking and financial stability in the EU," Journal of Financial Stability, Elsevier, Elsevier, vol. 4(3), pages 168-204, September.
  4. Demirguc-Kunt, Asli & Kane, Edward J. & Laeven, Luc, 2006. "Deposit insurance design and implementation : policy lessons from research and practice," Policy Research Working Paper Series 3969, The World Bank.

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