Teoretické a ekonomické aspekty pojištění vkladů

Theoretical and Economic Aspects of Deposit Insurance

Zbyněk Revenda

Politická ekonomie, 2013, vol. 2013, issue 2, 149-170

Abstract: The paper deals with deposit insurance schemes as an integral part of the present system of the banking regulation. Insurance premiums, limits and the rates of compensation and consequences of deposit insurance are then discussed from the theoretical and practical points of view. The moral hazard of banks and depositors and adverse selection are the main undesirable accompanying effects, which are directly connected with the scale of insurance protection in banks. The European Union unifi es the rules of compensation. However, data analysis shows that there are still differences in the levels of protection because of different averages in deposits per household. Some possible alternatives to depositor protection in banks are also analyzed. Although deposit insurance is accompanied by problems, it is the best form of depositor protection.

Keywords: European Union; information asymmetry; Deposit Insurance; adverse selection; bank regulation and supervision; bank run; contagion risk; free banking; guarantee fund; insurance premiums; moral hazard (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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DOI: 10.18267/j.polek.892

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