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Designing An Efficient And Incentive Compatible Government Provided Deposit Insurance Program For Developing And Transitional Economies
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Book Synopsis Designing an Efficient and Incentive Compatible Government-Provided Deposit Insurance Program for Developing and Transitional Economies by : George G. Kaufman
Download or read book Designing an Efficient and Incentive Compatible Government-Provided Deposit Insurance Program for Developing and Transitional Economies written by George G. Kaufman and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the causes of recent banking crises, particularly in the United States. The paper argues that to the extent banks are perceived to be "special," it is primarily because of poorly designed special public policies, particularly safety nets, rather than their inherent characteristics. These flaws have contributed to the costly recent banking crises in most countries of the world. As a result, preventing future crises centers on correcting the flaws in these policies. The U.S. reformed its government-provided deposit insurance structure in the Federal Deposit Insurance and Corporation Improvement Act (FDICIA) of 1991 to reduce the moral hazard problem of banks and the agency problem of regulators. The reform focuses on imposing regulatory discipline that mimics the discipline the market imposes on firms not subject to a safety net and on resolving a troubled bank before its economic capital is negative. If successful, this would impose losses only on shareholders and make deposit insurance effectively redundant. Aspects of this new structure appear to be appropriate for other countries.
Book Synopsis The Incentive Compatible Design of Deposit Insurance and Bank Failure Resolution by : Thorsten Beck
Download or read book The Incentive Compatible Design of Deposit Insurance and Bank Failure Resolution written by Thorsten Beck and published by . This book was released on 2003 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Government Accountability Office Publisher :World Bank Publications ISBN 13 : Total Pages :28 pages Book Rating :4./5 ( download)
Book Synopsis Deposit Insurance by : United States. Government Accountability Office
Download or read book Deposit Insurance written by United States. Government Accountability Office and published by World Bank Publications. This book was released on 1996 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Incentive-Compatible Design of Deposit Insurance and Bank Failure Resolution by : Beck
Download or read book The Incentive-Compatible Design of Deposit Insurance and Bank Failure Resolution written by Beck and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Restructuring Regulation and Financial Institutions by : James R. Barth
Download or read book Restructuring Regulation and Financial Institutions written by James R. Barth and published by Springer Science & Business Media. This book was released on 2001-08-31 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy makers around the globe will find that Restructuring Regulation and Financial Institutions offers a cogent assessment of the contemporary regulatory environment in the U.S. financial markets, and a blueprint for action in evolving global financial markets. Financial markets are among the most highly-regulated markets in the world. Nevertheless, financial crises still occur, witness the U.S. savings-and-loan fiasco of the late 1980s and early 1990s, and the Mexican and East Asian Financial implosions of 1994 and 1997. What role does regulation play in stabilizing-or-destabilizing financial markets? Restructuring Regulation and Financial Institutions answers this question with incisive analysis of financial market regulation in the United States. Each paper considers how regulation enhances or impedes the efficiency of a particular financial sector, and is followed by comments by two or three noted experts. The result of this approach is a wealth of useful information that may be applied by policy makers contemplating the restructuring of regulations and financial institutions. The contributors to this volume are distinguished economists, many of whom have careers not just in business, government, or academia, but have held influential positions in all three. Such varied backgrounds enable the contributors to offer remarkable insights based on the best of theory and practice. Never before has understanding the workings of U.S. financial market regulation been so important to the development of world financial markets. The ramifications of financial regulation in the United States extend far beyond the nation's borders. World financial markets are undergoing dramatic change, driven by the rapid development and deployment of new technology that enables information-and money-to travel farther, faster. However, a Byzantine array of regulatory structures in the international arena hinders the development of efficient global financial markets. Policy makers around the world are attempting to address the issues by emulating the financial markets of the United States.
Author :George M. von Furstenberg Publisher :Springer Science & Business Media ISBN 13 :9401153744 Total Pages :282 pages Book Rating :4.4/5 (11 download)
Book Synopsis Regulation and Supervision of Financial Institutions in the NAFTA Countries and Beyond by : George M. von Furstenberg
Download or read book Regulation and Supervision of Financial Institutions in the NAFTA Countries and Beyond written by George M. von Furstenberg and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the North American Free Trade Agreement (NAFTA) took effect at the start of 1994, production and trade in goods and services have become ever more integrated in the region. Banking and financial systems thus also must increasingly inform, adjudicate, transact, invest, insure, and intermedi ate all across North America. Presently, however, there is no single, or up to-date source of information on the banking and finance systems of the current NAFTA countries-Canada, the United States, and Mexico. Relying on top specialists from international financial organizations, central banks, regulatory authorities, and universities, this and a companion volume together bridge that information gap. The focus is not just on description but on regulatory and institution-building challenges posed by the opening up of domestic financial markets, and on the political economy of reforms. The ultimate goal is to enhance the process of safe and efficient integration by policies, regulations, and private initiatives that contribute to the welfare of people in North America and beyond. This volume goes into essential detail in assessing banking and finance regulations, supervision, and prudential and operating standards in the NAFTA countries in a global context.
Book Synopsis Deposit Insurance and Crisis Management by : G. G. Garcia
Download or read book Deposit Insurance and Crisis Management written by G. G. Garcia and published by International Monetary Fund. This book was released on 2000-03 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: A well-designed deposit insurance system (DIS) will provide incentives for citizens to keep the financial system sound. However, a poorly designed DIS can foster a financial crisis. This paper, therefore, makes recommendations for creating and running a limited, incentive-compatible, DIS. The paper also examines factors in the decision to grant, temporarily, a comprehensive guarantee, and the design of that guarantee, should a systemic financial crisis nevertheless occur. It concludes with guidance on the removal of that guarantee.
Book Synopsis Risk-based Deposit Insurance by : Rowena A. Pecchenino
Download or read book Risk-based Deposit Insurance written by Rowena A. Pecchenino and published by . This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modis written by Reza Vaez-Zadeh and published by International Monetary Fund. This book was released on 2002-12 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Deposit Insurance and Crisis Management by : Gillian Garcia
Download or read book Deposit Insurance and Crisis Management written by Gillian Garcia and published by . This book was released on 2006 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: A well-designed deposit insurance system (DIS) will provide incentives for citizens to keep the financial system sound. However, a poorly designed DIS can foster a financial crisis. This paper, therefore, makes recommendations for creating and running a limited, incentive-compatible, DIS. The paper also examines factors in the decision to grant, temporarily, a comprehensive guarantee, and the design of that guarantee, should a systemic financial crisis nevertheless occur. It concludes with guidance on the removal of that guarantee.
Download or read book Research Abstracts written by and published by . This book was released on 1994 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How Should Financial Institutions and Markets be Structured? by : George G. Kaufman
Download or read book How Should Financial Institutions and Markets be Structured? written by George G. Kaufman and published by . This book was released on 1997 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Deposit Insurance written by Eugene White and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: November 1995 Deposit insurance was the peculiar creation of the U.S. banking experience generated by some of that system's worst features. It is inappropriate for developing or transition economies. It presents enormous incentive problems and demands additional regulations and close supervision to make it workable in the short run. Simpler, less costly alternatives may achieve the same objective. Should deposit insurance be recommended? No. History teaches three lessons: * Deposit insurance was not adopted primarily to protect the depositor. There were many ways to increase the soundness of the banking system, and the problems of deposit insurance were well-known from the state experiments that preceded the FDIC. The leading alternative with which contemporaries had experience was to allow branching and the diversification of institutions by geography and product line. But monetary contraction and the politics of the banking crisis empowered small banks instead. * The history of federal and state insurance plans shows that it is all but impossible to escape the moral hazard and other problems inherent in deposit insurance, as Canada learned when it adopted it in 1967. * In setting up banking regulations, including deposit insurance, a banking lobby will be created that will campaign to protect the industry as it stands, and the industry will be pushed on a course that will be difficult to alter. The state experience also contains a lesson: If the government is willing to reduce competition, allow tight cartelization, and impose tight supervision and control, deposit insurance can work for at least 20 years. The public is greatly concerned about the safety of its deposits and U.S. financial history is littered with schemes to protect depositors or note holders. The designs of these systems were influenced by special interests but were also driven by the public's desire for protection. The key problem is one of information: For households and small businesses, it is costly to monitor the performance of banks and decide which is safest, especially when the economy is subject to fluctuations. What plan could a policymaker offer that would not have all the perverse effects of deposit insurance? There is a strong historical precedent for at least one alternative: regulators could require each bank to offer deposit accounts that are segregated, treasury-bill mutual funds. This type of account is effectively insurance from the government, with the same guarantee as government bonds, but without the wrong incentives for financial institutions that arise from deposit insurance. This paper -- a joint product of the Finance and Private Sector Development Division, Policy Research Department, and the Financial Sector Development Department -- was presented at a Bank seminar, Financial History: Lessons of the Past for Reformers of the Present, and is a chapter in a forthcoming volume, Reforming Finance: Some Lessons from History, edited by Gerard Caprio, Jr. and Dimitri Vittas.
Book Synopsis Deposit Insurance by : Ms.G. G. Garcia
Download or read book Deposit Insurance written by Ms.G. G. Garcia and published by International Monetary Fund. This book was released on 1996-08-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Financing Energy Efficiency by : Robert P. Taylor
Download or read book Financing Energy Efficiency written by Robert P. Taylor and published by World Bank Publications. This book was released on 2008-02-08 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: While energy efficiency projects could partly meet new energy demand more cheaply than new supplies, weak economic institutions in developing and transitional economies impede developing and financing energy efficiency retrofits. This book analyzes these difficulties, suggests a 3-part model for projectizing and financing energy efficiency retrofits, and presents thirteen case studies to illustrate the issues and principles involved.
Book Synopsis Design, Structure and Implementation of a Modern Deposit Insurance Scheme by : Beat Bernet
Download or read book Design, Structure and Implementation of a Modern Deposit Insurance Scheme written by Beat Bernet and published by . This book was released on 2009 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bureaucrats in Business written by and published by World Bank Publications. This book was released on 1995 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Refer review of this policy book in 'Journal of International Development, vol. 10, 7, 1998. pp.841-855.
