Optimal Deposit Insurance
نویسندگان
چکیده
This paper studies the optimal determination of deposit insurance when bank runs are possible. We show that welfare impact changes in level coverage can be generally expressed terms a small number sufficient statistics, which include losses specific scenarios and probability failure. characterize wedges determine ex ante regulation, map to asset- liability-side regulation. demonstrate how employ our framework an application most recent change United States, took place 2008.
منابع مشابه
Optimal Deposit Insurance
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We thank the World Bank for funding and Asli Demirguc-Kunt and participants at the World Bank conference on deposit insurance for their comments and suggestions. The views expressed are the authors' own and do not necessarily reflect those of the World Bank, its Board of Directors, or the countries they represent.
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 2023
ISSN: ['1537-534X', '0022-3808']
DOI: https://doi.org/10.1086/723633