In the past two decades, in a series of banking crises around the world, banks have become systematically insolvent. These crises have occurred in developed and developing economies alike. To make such financial system breakdowns less likely and to limit their costs if they occur, policymakers feel the need for financial safety nets. These include such policies as implicit or explicit deposit insurance, a lender of last resort function of the central...
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2001/09/01
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Artigo de revista
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77363
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1
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1
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2013/05/21
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Disclosed
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Deposit insurance around the world
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World Bank Economic Review
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