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  1. Deposit insurance, moral hazard and bank risk
    Erschienen: January 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Using evidence from Russia, we explore the effect of the introduction of deposit insurance on bank risk. Drawing on variation in the ratio of firm deposits to total household and firm deposits before the announcement of deposit insurance, so as to... mehr

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    Using evidence from Russia, we explore the effect of the introduction of deposit insurance on bank risk. Drawing on variation in the ratio of firm deposits to total household and firm deposits before the announcement of deposit insurance, so as to capture the magnitude of the decrease in market discipline after the introduction of deposit insurance, we demonstrate that larger declines in market discipline generate larger increases in traditional measures of risk. These results hold in a difference-in-difference setting in which private domestic banks serve as the treatment group and state and foreign-owned banks, whose deposit insurance regime does not change, serve as a control group.

     

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    Sprache: Englisch
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    Weitere Identifier:
    hdl: 10419/232464
    Schriftenreihe: CESifo working paper ; no. 8867 (2021)
    Schlagworte: deposit insurance; market discipline; moral hazard; risk taking; banks; Russia
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  2. Deposit insurance, bank ownership and depositor behavior
    Erschienen: 2020
    Verlag:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    We employ proprietary data from a large bank to analyze how – in times of crisis – depositors react to a bank nationalization, re-privatization and an accompanying increase in deposit insurance. Nationalization slows depositors fleeing the bank,... mehr

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    We employ proprietary data from a large bank to analyze how – in times of crisis – depositors react to a bank nationalization, re-privatization and an accompanying increase in deposit insurance. Nationalization slows depositors fleeing the bank, provided they have sufficient trust in the national government, while the increase in deposit insurance spurs depositors below the new 100K limit to deposit more. Prior to nationalization, depositors bunch just below the then-prevailing 20K limit. But they abandon bunching entirely during state-ownership, to return to bunching below the new 100K limit after re-privatization. Especially depositors with low switching costs are moving money around.

     

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    hdl: 10419/227628
    Schriftenreihe: Discussion paper / ZEW ; no. 20, 077 (12/2020)
    Research paper series / Swiss Finance Institute ; no 21, 56
    Schlagworte: deposit insurance; coverage limit; bank nationalization; depositor heterogeneity
    Umfang: 1 Online-Ressource (43 Seiten), Illustrationen
  3. Using macroeconomic frameworks to analyze the impact of COVID-19
    an application to Colombia and Cambodia
    Erschienen: January 2021
    Verlag:  International Monetary Fund, Institute for Capacity Development, Washington, DC, USA

    This technical note and manual (TNM) addresses the following issues: -- Evaluating the full implications from the policies adopted to mitigate the impact of the COVID-19 pandemic on the economy requires a well-developed macroeconomic framework. This... mehr

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    This technical note and manual (TNM) addresses the following issues: -- Evaluating the full implications from the policies adopted to mitigate the impact of the COVID-19 pandemic on the economy requires a well-developed macroeconomic framework. This note illustrates how such frameworks were used to analyze Colombia and Cambodia's shock impact at the beginning of the pandemic. -- The use of macroeconomic frameworks is not to infer general policy conclusions from abstract models or empirical analysis but to help policymakers think through and articulate coherent forecasts, scenarios, and policy responses. -- The two country cases illustrate how to construct a baseline scenario consistent with a COVID-19 shock within structural macroeconomic models. The scenario is built gradually to incorporate the available information, the pandemic's full effects, and the policy responses. -- The results demonstrate the value of combining close attention to the data, near-term forecasting, and model-based analyses to support coherent policies

     

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    Quelle: Staatsbibliothek zu Berlin
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9781513571973
    Weitere Identifier:
    Schriftenreihe: Technical notes and manuals ; volume 2021, issue 001
    Schlagworte: Depositor preference; deposit insurance; bank; creditor hierarchy
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  4. Who can tell which banks will fail?
    Erschienen: [2022]
    Verlag:  Federal Reserve Bank of New York, New York, NY

    We use the German Crisis of 1931, a key event of the Great Depression, to study how depositors behave during a bank run in the absence of deposit insurance. We find that deposits decline by around 20 percent during the run and that there is an equal... mehr

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    We use the German Crisis of 1931, a key event of the Great Depression, to study how depositors behave during a bank run in the absence of deposit insurance. We find that deposits decline by around 20 percent during the run and that there is an equal outflow of retail and nonfinancial wholesale deposits from both ex-post failing and surviving banks. This implies that regular depositors are unable to identify failing banks. In contrast, the interbank market precisely identifies which banks will fail: the interbank market collapses for failing banks entirely but continues to function for surviving banks, which can borrow from other banks in response to deposit outflows. Since regular depositors appear uninformed, it is unlikely that deposit insurance would exacerbate moral hazard. Instead, interbank depositors are best positioned for providing "discipline" via short-term funding.

     

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    Weitere Identifier:
    hdl: 10419/262055
    Schriftenreihe: Staff reports / Federal Reserve Bank of New York ; no. 1005 (February 2022)
    Schlagworte: bank run; deposit insurance; financial crises
    Umfang: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  5. The long-run effects of risk
    an equilibrium approach
    Erschienen: February 2021
    Verlag:  School of Social Sciences, The University of Manchester, Manchester

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    Schriftenreihe: Economics discussion paper series / The University of Manchester ; EDP-21, 04
    Schlagworte: intermediation; risk; investment; regulation; endogenous leverage; limited liability; costly state verification; deposit insurance
    Umfang: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  6. A theory of the boundaries of banks with implications for financial integration and regulation
    Erschienen: 11 January 2022
    Verlag:  Centre for Economic Policy Research, London

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    Schriftenreihe: Array ; DP16880
    Schlagworte: Interbank lending; risk shifting; Debt overhang; integration; deposit insurance
    Umfang: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  7. Managing banking crises in emerging market economies
    Erschienen: 2021
    Verlag:  Bank for International Settlements, Financial Stability Institute, [Basel]

    Since the Great Financial Crisis, emerging market economies (EMEs) have made much progress on enhancing their frameworks to manage banking crises. Yet significant challenges remain. Banking sectors and bank ownership are more concentrated in EMEs... mehr

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    Since the Great Financial Crisis, emerging market economies (EMEs) have made much progress on enhancing their frameworks to manage banking crises. Yet significant challenges remain. Banking sectors and bank ownership are more concentrated in EMEs than in advanced ecomonies (AEs), and banks fund themselves predominantly through deposits, rather than by tapping capital markets. Banks in EMEs therefore have lower levels of debt that can reliably absorb losses, and are less likely to increase loss-absorbing capacity as capital markets are much less developed in EMEs than in AEs. However, if banks were required to issue more loss-absorbing debt, that may stretch their funding models and aggravate existing vulnerabilities. As a result of that predicament, risks for public finances are usually greater in EMEs than in AEs. Analysing a sample of 11 EMEs, we find that authorities may increase their options to manage banking crises if frameworks are enhanced to facilitate the use of transfer and recapitalisation tools and, importantly, secure broader sources of funding. While this will mitigate risks for public finances, it does not eliminate the need for public backstops. The key is to maximise recoveries if backstops are used. We also propose ways to reduce the cost of crisis management by planning and increasing crisis preparedness.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789292595296
    Schriftenreihe: FSI insights on policy implementation ; no 38 (December 2021)
    Schlagworte: banking crisis; bank resolution; crisis management; deposit insurance
    Umfang: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  8. Counting the cost of payout: constraints for deposit insurers in funding bank failure management
    Erschienen: July 2022
    Verlag:  Bank for International Settlements, Financial Stability Institute, [Basel]

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    ISBN: 9789292595906
    Schriftenreihe: FSI insights on policy implementation ; no 45
    Schlagworte: deposit insurance; bank liquidation; bank insolvency; payout; least cost; depositor preference
    Umfang: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  9. Bank restructuring under asymmetric information
    the role of bad loan sales
    Erschienen: 09 September 2023
    Verlag:  Centre for Economic Policy Research, London

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    Schriftenreihe: Array ; DP18447
    Schlagworte: non performing loans; deposit insurance; debt overhang; optimal restructuring,state aid
    Umfang: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  10. Bank transfers in resolution
    practices and lessons
    Erschienen: December 2023
    Verlag:  Bank for International Settlements, Financial Stability Institute, [Basel]

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    ISBN: 9789292597245
    Schriftenreihe: FSI insights on policy implementation ; no 55
    Schlagworte: bail-in; bankruptcy; creditor hierarchy; deposit insurance; depositor preference; P&A
    Umfang: 1 Online-Ressource (circa 30 Seiten)
  11. Using macroeconomic frameworks to analyze the impact of COVID-19
    an application to Colombia and Cambodia
    Erschienen: January 2021
    Verlag:  International Monetary Fund, Institute for Capacity Development, Washington, DC, USA

    This technical note and manual (TNM) addresses the following issues: -- Evaluating the full implications from the policies adopted to mitigate the impact of the COVID-19 pandemic on the economy requires a well-developed macroeconomic framework. This... mehr

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    This technical note and manual (TNM) addresses the following issues: -- Evaluating the full implications from the policies adopted to mitigate the impact of the COVID-19 pandemic on the economy requires a well-developed macroeconomic framework. This note illustrates how such frameworks were used to analyze Colombia and Cambodia's shock impact at the beginning of the pandemic. -- The use of macroeconomic frameworks is not to infer general policy conclusions from abstract models or empirical analysis but to help policymakers think through and articulate coherent forecasts, scenarios, and policy responses. -- The two country cases illustrate how to construct a baseline scenario consistent with a COVID-19 shock within structural macroeconomic models. The scenario is built gradually to incorporate the available information, the pandemic's full effects, and the policy responses. -- The results demonstrate the value of combining close attention to the data, near-term forecasting, and model-based analyses to support coherent policies

     

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    Quelle: Staatsbibliothek zu Berlin
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    Format: Online
    ISBN: 9781513571973
    Weitere Identifier:
    Schriftenreihe: Technical notes and manuals ; volume 2021, issue 001
    Schlagworte: Depositor preference; deposit insurance; bank; creditor hierarchy
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  12. Financing modes and lender monitoring
    Erschienen: [2023]
    Verlag:  Federal Research Bank of Kansas City, Kansas City, Mo.

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    Schriftenreihe: KcFED research working papers ; RWP 23, 13 (November 2023)
    Schlagworte: Liquidation value; lender monitoring; deposit insurance; shadow banking
    Umfang: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  13. Implicit and explicit deposit insurance and depositor behavior
    Erschienen: November 2023
    Verlag:  CESifo, Munich, Germany

    We employ proprietary data from a large bank to analyze how - during crisis - deposit insurance affects depositor behavior. Our focus is on Belgium where the government increased explicit deposit insurance coverage and implemented implicit deposit... mehr

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    We employ proprietary data from a large bank to analyze how - during crisis - deposit insurance affects depositor behavior. Our focus is on Belgium where the government increased explicit deposit insurance coverage and implemented implicit deposit insurance arrangements. Estimating sorting below the respective insurance limits shows that depositors are aware of and understand these interventions. Difference-in-differences estimates show that both the increase in the explicit deposit insurance limit and the implicit deposit insurance had the intended calming effect on depositors. Close depositor-bank relationships mitigate these effects, while political trust seems to boost the general effectiveness of such government policies.

     

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    hdl: 10419/282456
    Schriftenreihe: CESifo working papers ; 10768 (2023)
    Schlagworte: deposit insurance; coverage limit; implicit deposit guarantee; bank nationalization; depositor heterogeneity
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  14. Speedy bankruptcy procedures and bank bailouts
    Autor*in: Ueda, Kenichi
    Erschienen: December 2019
    Verlag:  RIETI, [Tokyo, Japan]

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    Schriftenreihe: RIETI discussion paper series ; 19-E, 108
    Schlagworte: Bank bailout; prudential regulation; deposit insurance; insolvency; tail risk; endogenous banking sector
    Umfang: 1 Online-Ressource (circa 72 Seiten), Illustrationen
  15. Pigouvian tax for high deposit rates as a macroprudential tool
    Kazakhstan's experience
    Erschienen: [2023]
    Verlag:  National Bank of the Republic of Kazakhstan, [Astana]

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    Schriftenreihe: Array ; no. 2023, 4
    Schlagworte: Pigouvian tax; pecuniary externalities; deposit market; deposit insurance system; deposit insurance; systemic risk; moral hazard; Kazakhstan Deposit Insurance Fund; systemic risk fee
    Umfang: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  16. Origins of too-big-to-fail policy
    Erschienen: [2017]
    Verlag:  Federal Reserve Bank of Cleveland, [Cleveland, OH]

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
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    Schriftenreihe: Working paper / Federal Reserve Bank of Cleveland ; 17, 10 (May 2017)
    Schlagworte: Too big to fail; deposit insurance; banking; time consistency
    Umfang: 1 Online-Ressource (circa 44 Seiten), Illustrationen