Deposit Guarantee Schemes

Francesca Arnaboldi

Chapter 3 in Deposit Guarantee Schemes: A European Perspective, 2014, pp 50-85 from Palgrave Macmillan

Abstract: Abstract This chapter reviews the current system of deposit guarantee schemes in the EU and in the US, documenting the recent changes in legislation. Deposit guarantee schemes reimburse a defined amount of deposits to depositors whose bank has failed. From the depositors’ point of view, deposit guarantee schemes protect a part of their financial portfolio from bank failure. From a financial stability perspective, the schemes prevent bank runs, thus preventing severe economic and social consequences. This chapter, then, investigates the design of deposit guarantee schemes in the 28 member states. The last section is devoted to the insurance of deposits in the US.

Keywords: International Monetary Fund; Deposit Insurance; Bank Failure; Federal Deposit Insurance Corporation; Bank Association (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39087-5_4

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DOI: 10.1057/9781137390875_4

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