Deposit Insurance around the World: Issues of Design and Implementation - Couverture rigide

Couverture rigide

ISBN 10 : 0262042541 ISBN 13 : 9780262042543

Editeur : The MIT Press, 2008

Synopsis

Drawing on an original cross-country dataset on deposit insurance systems, an assessment of the impact of deposit insurance on banking outcomes and the policy implications for developing countries.

Explicit deposit insurance (DI) is widely held to be a crucial element of modern financial safety nets. For this reason, establishing a DI system is frequently recommended by outside experts to countries undergoing reform. Predictably, DI systems have proliferated in the developing world. The number of countries offering explicit deposit guarantees rose from twenty in 1980 to eighty-seven by the end of 2003. This book challenges the wisdom of encouraging countries to adopt DI without first repairing observable weaknesses in their institutional environment. The evidence and analysis presented confirm that many countries would do well to delay the installation of a DI system. Analysis shows that many existing DI systems are not adequately designed to control possible DI-induced risk taking by financial institutions, and the book provides advice on principles of good design for those countries in the process of adopting or reforming their DI systems. Empirical evidence on the efficiency of real-world DI systems has been scarce, and analysis has focused on the experience of developed countries. The contributors to this book draw on an original cross-country dataset on DI systems and design features to examine the impact of DI on banking behavior and assess the policy complications that emerge in developing countries. Chapters covers decisions about DI adoption, design, and pricing, and review individual country experiences with DI—including issues raised by the EU's DI directive, banking reform in Russia, and policy efforts to protect depositors in China. Recent bank runs on loss-making banks in Germany and the U.K. have pushed the issues of DI systems back to the center of debates on regulatory policy in both developing and industrialized countries. The guiding principles identified in this book can contribute powerfully to that debate.

Contributors
Thorsten Beck, Modibo K. Camara, Asli Demirgüç-Kunt, Kalina Dimitrova, Stephen Haber, Patrick Honohan, Harry Huizinga, Edward Kane, Baybars Karacaovali, Randall Kroszner, Luc Laeven, William Melick, Fernando Montes-Negret, Nikolay Nenovsky

A propos du livre

À propos de l?auteur

Asli Demirgüç-Kunt is Director of Development Policy in the World Bank's Development Economics Vice Presidency and Chief Economist of the Financial and Private Sector Development Network (FPD). She is the coeditor of Financial Structures and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development (MIT Press, 2001).

Edward J. Kane is James F. Cleary Professor in Finance at Boston College.

Luc Laeven is the Director-General of the Directorate General Research of the European Central Bank and coeditor of Deposit Insurance around the World (MIT Press).

Asli Demirgüç-Kunt is Director of Development Policy in the World Bank's Development Economics Vice Presidency and Chief Economist of the Financial and Private Sector Development Network (FPD). She is the coeditor of Financial Structures and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development (MIT Press, 2001).

Edward J. Kane is James F. Cleary Professor in Finance at Boston College.

Luc Laeven is the Director-General of the Directorate General Research of the European Central Bank and coeditor of Deposit Insurance around the World (MIT Press).

Asli Demirgüç-Kunt is Director of Development Policy in the World Bank's Development Economics Vice Presidency and Chief Economist of the Financial and Private Sector Development Network (FPD). She is the coeditor of Financial Structures and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development (MIT Press, 2001).

Edward J. Kane is James F. Cleary Professor in Finance at Boston College.

Luc Laeven is the Director-General of the Directorate General Research of the European Central Bank and coeditor of Deposit Insurance around the World (MIT Press).

Luc Laeven is the Director-General of the Directorate General Research of the European Central Bank and coeditor of Deposit Insurance around the World (MIT Press).

Luc Laeven is the Director-General of the Directorate General Research of the European Central Bank and coeditor of Deposit Insurance around the World (MIT Press).

Randall S. Kroszner is Norman R. Bobins Professor of Economics in the University of Chicago's Booth School of Business. He served as a Governor of the Federal Reserve System from March 2006 until January 2009.

Asli Demirgüç-Kunt is Director of Development Policy in the World Bank's Development Economics Vice Presidency and Chief Economist of the Financial and Private Sector Development Network (FPD). She is the coeditor of Financial Structures and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development (MIT Press, 2001).

Edward J. Kane is James F. Cleary Professor in Finance at Boston College.

Luc Laeven is the Director-General of the Directorate General Research of the European Central Bank and coeditor of Deposit Insurance around the World (MIT Press).

Détails de l'édition

• Éditeur: The MIT Press
• Date d'édition: 2008
• ISBN 10: 0262042541
• ISBN 13: 9780262042543
• Reliure: Relié
• Langue: anglais
• Nombre de pages: 416
• Éditeur: Demirguc-Kunt Asli, Kane Edward J., Laeven Luc
• Coordonnées du fabricant: non disponible