Deposit insurance around the world: A comprehensive analysis and database |
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| Institution: | 1. College of Business, Bowling Green State University, 214 Business Administration, Bowling Green, OH 43403;2. College of Economics, Shenzhen University, Nanhai Ave 3688, Shenzhen, Guangdong, China;3. College of Business Administration, University of Missouri-St. Louis, One University Blvd., St. Louis, MO 63121;4. Stuart School of Business, Illinois Institute of Technology, 10 West 35th Street, 18th floor, Chicago, IL 60616;1. UAE University, College of Business & Economics, United Arab Emirates;2. University of New Orleans, College of Business Administration, USA;3. Laval University, Faculty of Business Administration, Quebec City, Canada |
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| Abstract: | This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. We extend our earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks’ assets and liabilities, including during the recent global financial crisis. We also create a Safety Net Index capturing the generosity of the deposit insurance scheme and government guarantees on banks’ balance sheets. The data show that deposit insurance has become more widespread and more extensive in coverage since the global financial crisis, which also triggered a temporary increase in the government protection of non-deposit liabilities and bank assets. In most cases, these guarantees have since been formally removed but coverage of deposit insurance remains above pre-crisis levels, raising concerns about implicit coverage and moral hazard going forward. |
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| Keywords: | Deposit insurance Financial institutions Financial crises |
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