Deposit Insurance around the World: Issues of Design and by Aslı Demirgüç-Kunt, Edward J. Kane, Luc Laeven

By Aslı Demirgüç-Kunt, Edward J. Kane, Luc Laeven

Drawing on an unique cross-country dataset on deposit assurance structures, an review of the impression of deposit coverage on banking results and the coverage implications for constructing international locations.

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A. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. Note: This table lists the countries that adopted explicit deposit insurance systems by year-end 2003. The data are compiled by the authors. We refer to the data section of this paper for details about the data sources and variable definitions. GDP and bank deposits per capita are from International Financial Statistics (IFS). The following ‘‘nonadopting’’ countries are included in our sample: Afghanistan, Angola, Armenia, Australia, Azerbaijan, Barbados, Belize, Benin, Bhutan, Bolivia, Botswana, Brunei, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, China, Comoro Islands, Costa Rica, Coˆte d’Ivoire, Cuba, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Fiji, Gabon, Gambia, Georgia, Ghana, Grenada, Guinea, Guinea-Bissau, Guyana, Haiti, Hong Kong (China), Iran, Iraq, Israel, Kiribati, Kyrgyz Republic, Laos, Lesotho, Liberia, Libya, Madagascar, Malawi, Maldives, Mali, Mauritania, Mauritius, Moldova, Mongolia, Morocco, Mozambique, Myanmar, Namibia, Nepal, New Zealand, Niger, Pakistan, Panama, Papua New Guinea, Qatar, Republic of Congo, Rwanda, Saudi Arabia, Senegal, Seychelles, Sierra Leone, Singapore, Solomon Islands, Somalia, South Africa, St.

Many institutions were severely underdiversified, having had to limit their lending activity to enterprises operating within an assigned business group. Russia suffered a major banking crisis in 1998. A unilateral restructuring of government debt resulted in depositor runs and a collapse of the payments system. In the absence of formal deposit insurance, officials rescued many households by transferring their deposits from privately owned banks to the government-owned Sberbank. The collapse of several private banks and the resulting expansion of loanable funds allowed Sberbank to transform itself from a savings bank to a universal bank.

All variables are coded so that higher values indicate an increased exposure to risk shifting. Higher values indicate that, according to the empirical literature, moral hazard is less effectively controlled by that particular design feature. Indicator variables take the value one: if the administration is publicly managed (Administration), if membership is voluntary (Membership), if foreign currency deposits and interbank deposits are covered (Foreign currency deposits and Interbank deposits), if there is no coinsurance (Coinsurance), if a permanent fund exists (Permanent fund), and if funding comes from only public sources (Funding).

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