The Incentive Compatible Design of Deposit Insurance and Bank Failure Resolution – Concepts and Country Studies
نویسنده
چکیده
Deposit insurance schemes and bank failure resolution systems are asked to fulfill conflicting public policy objectives: on the one hand, they are supposed to protect small depositors and prevent contagion risks from bank runs; on the other hand, they are supposed to minimize aggressive risk taking by banks. This paper discusses the incentive-compatible design and interaction of both components of the financial safety net and describes and compares three countries with different safety net arrangements: Germany, Brazil and Russia. JEL Classification: G21, G28, G30
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