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Bank Insolvency and Deposit Insurance: A Proposal

In: Money and Banking

Author

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  • C. A. E. Goodhart

Abstract

The experience of recent bank failures in several major countries — Johnson Matthey in the UK, Continental Illinois in the USA and Canadian Commercial Bank — has pointed up a number of intractable problems facing central banks and bank regulatory authorities. First, if really large banks are always to be prevented from failing, then either there will be inequitable treatment between large and small, with a resulting tendency towards oligopoly, or all banks must enjoy similar protection, which will exacerbate moral hazard problems. This issue is discussed in Section 6.2.

Suggested Citation

  • C. A. E. Goodhart, 1993. "Bank Insolvency and Deposit Insurance: A Proposal," Palgrave Macmillan Books, in: Philip Arestis (ed.), Money and Banking, chapter 6, pages 75-94, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-13319-2_6
    DOI: 10.1007/978-1-349-13319-2_6
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    Cited by:

    1. Giuseppe Fontana & Ezio Venturino, 2003. "Endogenous Money: An Analytical Approach," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(4), pages 398-416, September.
    2. Ojo, Marianne, 2010. "The need for government and central bank intervention in financial regulation: Free banking and the challenges of information uncertainty," MPRA Paper 23298, University Library of Munich, Germany.
    3. Fernando Ossa, 2003. "Los Bancos Centrales como Prestamistas de Última Instancia," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 40(120), pages 323-335.

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