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Author: Mr.Alexander Kyei Publisher: International Monetary Fund ISBN: 1451855540 Category : Business & Economics Languages : en Pages : 48
Book Description
This paper is a survey of deposit protection arrangements and it compares the key elements of deposit protection schemes around the world. There are more implicit arrangements that guarantee deposits than explicit ones, but there has been a growing tendency since the 1980s for countries to adopt explicit ones largely in response to emerging problems with their financial systems.
Author: Mr.Alexander Kyei Publisher: International Monetary Fund ISBN: 1451855540 Category : Business & Economics Languages : en Pages : 48
Book Description
This paper is a survey of deposit protection arrangements and it compares the key elements of deposit protection schemes around the world. There are more implicit arrangements that guarantee deposits than explicit ones, but there has been a growing tendency since the 1980s for countries to adopt explicit ones largely in response to emerging problems with their financial systems.
Author: Ms.G. G. Garcia Publisher: International Monetary Fund ISBN: 1451850492 Category : Business & Economics Languages : en Pages : 64
Book Description
The paper contrasts deposit protection with other forms of insurance, examines why goods and services of all kinds receive warranties and guarantees, and explores the particular characteristics of deposits and banks that merit deposit insurance. It examines a variety of reasons why countries choose to adopt systems of deposit insurance, the pitfalls that can arise from poorly designed schemes, and the features of a scheme that successfully avoids these pitfalls.
Author: Ms.Edda Zoli Publisher: International Monetary Fund ISBN: 1451874669 Category : Business & Economics Languages : en Pages : 35
Book Description
This paper argues that an optimal deposit insurance scheme would allow the level of insurance coverage to be determined by the market. Based on this principle, the paper proposes an insurance scheme that minimizes distortions and embodies fairness and credibility, two essential characteristics of a viable and effective deposit insurance scheme. Using a simple model for the determination of the optimal level of insurance coverage, it is shown that the optimal coverage is higher for developing compared to developed countries; a condition that is broadly satisfied by prevailing deposit insurance practices around the world.
Author: Sydney J. Key Publisher: CEPS ISBN: 9290791500 Category : Deposit insurance Languages : en Pages : 53
Book Description
Analisis del problema de la armonizacion comunitaria de los sistemas de garantia de depositos.En primer lugar estudia si es mas conveniente un sistema controlado por el pais de origen o por el pais de acogida de las instituciones financieras. A continuacion analiza como se debe realizar la armonizacion para conseguir los objetivos de estos sistemas: proteger a los consumidores y evitar riesgos del sistema, minimizar el riesgo moral y evitar las distorsiones en la competencia. Para ello trata las cuestiones de nivel y amplitud de la proteccion, estructura administrativa y financiera, normas de operacion, y relacion con el Banco Central Europeo. Incluye bibliografia y el texto de la propuesta de directiva sobre sistemas de garantia de depositos de 14 de abril de 1992.(jha).
Author: Rita Carisano Publisher: Dartmouth Publishing Company ISBN: Category : Business & Economics Languages : en Pages : 232
Book Description
The salience of deposit insurance has increased enormously in recent years as a result of the thrifts crisis in the USA and its proposed introduction to the European Community.
Author: Ms.G. G. Garcia Publisher: International Monetary Fund ISBN: 1451847491 Category : Business & Economics Languages : en Pages : 50
Book Description
The paper surveys the characteristics of explicit systems of deposit insurance in 68 countries. It compares these actual practices with a set of best practices that has been adopted by IMF staff for their advice to member countries. These best practices seek to establish a system of deposit insurance that provides incentives for all parties—whether they are directly or indirectly affected by the guarantee—to keep the financial system sound. The paper discerns some convergence toward best practices in recent years, but notes several areas where improvements in the incentive structure are still necessary.
Author: Asli Demirgüç-Kunt Publisher: International Monetary Fund ISBN: 1498308317 Category : Business & Economics Languages : en Pages : 44
Book Description
This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. We extend our earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks’ assets and liabilities, including during the recent global financial crisis. We also create a Safety Net Index capturing the generosity of the deposit insurance scheme and government guarantees on banks’ balance sheets. The data show that deposit insurance has become more widespread and more extensive in coverage since the global financial crisis, which also triggered a temporary increase in the government protection of non-deposit liabilities and bank assets. In most cases, these guarantees have since been formally removed but coverage of deposit insurance remains above pre-crisis levels, raising concerns about implicit coverage and moral hazard going forward.
Author: Djurdjica Ognjenovic Publisher: Springer ISBN: 3319511432 Category : Business & Economics Languages : en Pages : 326
Book Description
This book provides a comprehensive overview of funding arrangements for explicit deposit insurance schemes. Responding to international guidelines and best practice, it discusses policy decisions and operational challenges which deposit insurers face in the financial management of ex-ante deposit insurance funds. Numerous examples are provided, and solutions offered on sources and uses of funds, focusing on target and optimal funding. Coverage includes: the role that modern deposit insurance schemes play in ensuring financial stability how to design the main deposit insurance features in order to maximize compliance with international standards the different types of funding and financial planning for deposit insurance methods for setting the target fund size level optimal deposit insurance funding challenges faced by the European Union members following new deposit insurance and bank resolution directives. The book concludes by providing a comprehensive overview of funding issues and recommendations for deposit insurance schemes in the European Union.
Author: Maria Gerhardt Publisher: ISBN: Category : Banks and banking Languages : en Pages : 14
Book Description
With the financial crisis, citizens suddenly realized that different levels and forms of depositor protection co-existed in the EU, whereas they had been told for almost 20 years that a single market was in place. Current deposit insurance arrangements in Europe need to be changed, as they match neither market integration nor consumer expectations. But deposit insurance cannot be considered in isolation; it is part of the broader financial safety net and the crisis resolution tools for banks. Confronted with the question of what action should be taken to draw the right lessons from the crisis, practically the only option is an EU-wide fund, but policy-makers are still hesitant. Any intermediate solution will maintain too many distortions and imperfections and will not provide a coherent response to current challenges. This policy brief reviews current policy discussions on deposit insurance in the EU. It looks at the role of deposit insurance as part of the (European) financial safety net and examines the Commission's recent proposal to amend the EU Directive on deposit guarantee schemes (DGS). The three options for a European DGS are assessed, followed by conclusions and recommendations.--Publisher description.
Author: International Monetary Fund. Monetary and Capital Markets Department Publisher: International Monetary Fund ISBN: 1475516576 Category : Business & Economics Languages : en Pages : 31
Book Description
This article is an overview of existing deposit insurance in the European Union. There are various national deposit schemes that form the source of insurance. The schemes come up with various coverage, contributions, and fund sizes. The recent financial crisis has brought about a change in the coverage system. The main intention of this insurance is to enhance financial stability. The role of this insurance varies both within the EU and worldwide. This insurance is important to sustain financial integration and internal functioning.
Author: Mr.Alexander Kyei
Author: Mr.Alexander Kyei
Author: Ms.G. G. Garcia
Author: Ms.Edda Zoli
Author: Sydney J. Key
Author: Rita Carisano
Author: Ms.G. G. Garcia
Author: Asli Demirgüç-Kunt
Author: Djurdjica Ognjenovic
Author: Maria Gerhardt
Author: International Monetary Fund. Monetary and Capital Markets Department