Bank Charter Value and the Viability of the Japanese Convoy System
This paper compares the performance of a convoy banking system, similar to that which prevailed in Japan, to a fixed-premium deposit insurance regime. Under this system, failed banks are merged with healthy banks, rather than closed, so that the banking system itself provides the safety net for guaranteed deposits.
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Volume (Year): 14 (2000)
Issue (Month): 3 (September)
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- Kenneth Kasa & Mark M. Spiegel, 2008.
"The role of relative performance in bank closure decisions,"
Federal Reserve Bank of San Francisco, pages 17-29.
- Kenneth Kasa & Mark M. Spiegel, 1999. "The role of relative performance in bank closure decisions," Working Papers in Applied Economic Theory 99-07, Federal Reserve Bank of San Francisco.
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