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The Deposit Insurance in Bulgaria: Is the time for change?

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  • Bojidar Bojinov

Abstract

During 1997 Bulgaria has experienced one of the most deep financial crises in CEE countries. The combination with currency crisis, widespread bank failures, hyperinflation and government crisis has a very negative affect over the whole Bulgarian economy. Parallel with the introduction of currency board, as part of measures for improvement of bank system soundness and public confidence has been enact a law for deposit insurance. In this paper are discussed base principles for deposit insurance system design and Bulgarian deposit insurance system is assessed according it.

Suggested Citation

  • Bojidar Bojinov, 2003. "The Deposit Insurance in Bulgaria: Is the time for change?," Finance 0310013, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpfi:0310013
    Note: Type of Document - PDF; prepared on Win2K; pages: 16
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    References listed on IDEAS

    as
    1. Asli Demirgüç-Kunt & Ms. Enrica Detragiache, 2000. "Does Deposit Insurance Increase Banking System Stability?," IMF Working Papers 2000/003, International Monetary Fund.
    2. Demirguc-Kunt, Asli & Detragiache, Enrica, 2002. "Does deposit insurance increase banking system stability? An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 49(7), pages 1373-1406, October.
    3. Asli Demirguc-Kunt & Edward J. Kane, 2002. "Deposit Insurance Around the Globe: Where Does It Work?," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 175-195, Spring.
    4. Ronald MacDonald, 1996. "Deposit Insurance," Handbooks, Centre for Central Banking Studies, Bank of England, number 9, April.
    5. Cordella, Tito & Yeyati, Eduardo Levy, 2002. "Financial opening, deposit insurance, and risk in a model of banking competition," European Economic Review, Elsevier, vol. 46(3), pages 471-485, March.
    6. Ms. G. G. Garcia, 2000. "Deposit Insurance and Crisis Management," IMF Working Papers 2000/057, International Monetary Fund.
    7. Dermine, Jean & Lajeri, Fatma, 2001. "Credit risk and the deposit insurance premium: a note," Journal of Economics and Business, Elsevier, vol. 53(5), pages 497-508.
    8. Gropp, R. & Vesala, J., 2001. "Deposit Insurance and Moral Hazard: Does the Counterfactual Matter?," Papers 47, Quebec a Montreal - Recherche en gestion.
    9. Ms. G. G. Garcia, 1999. "Deposit Insurance: A Survey of Actual and Best Practices," IMF Working Papers 1999/054, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Deposit Insurance; Safety Net; Banking crisis; Bulgaria;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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