Deposit insurance without commitment, Wall St. versus Main St., Russell Cooper and Hubert Kempf
Type
Label
Deposit insurance without commitment, Wall St. versus Main St., Russell Cooper and Hubert Kempf
Language
eng
Abstract
This paper studies the provision of deposit insurance without commitment in an economy with heterogenous households. When households are identical, deposit insurance will be provided ex post to reap insurance gains. But the ex post provision of deposit insurance redistributes consumption when households differ in their claims on the banking system as well as in their tax obligations to finance the deposit insurance. Deposit insurance will not be provided ex post if it requires a (socially) undesirable redistribution of consumption which outweighs insurance gains
Bibliography note
Includes bibliographical references (page 25)
Index
no index present
Literary Form
non fiction
Main title
Deposit insurance without commitment
Oclc number
785634743
Responsibility statement
Russell Cooper and Hubert Kempf
Series statement
EUI working papers. ECO, 2011/07EUI papers
Sub title
Wall St. versus Main St.
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