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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- Takeo Hoshi & Anil Kashyap, 2000.
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in: NBER Macroeconomics Annual 1999, Volume 14, pages 129-212
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