The distributional impact of foreign deposits on federal deposit insurance premia |
| |
| Institution: | 1. Department of Social Sciences and Humanities, Indraprastha Institute of Information Technology Delhi, India;2. Department of Economics, Iowa State University, USA;3. Department of Agricultural, Food and Resource Economics, Michigan State University, USA;4. Habitat and Population Evaluation Team, U.S. Fish and Wildlife Service, USA;1. WEARE research group and Department of Economic Analysis and Political Economy, University of Seville, Ramón y Cajal 1, 41018, Sevilla, Spain;2. Department of Applied Economics, University of Seville, Ramón y Cajal 1, 41018, Sevilla, Spain |
| |
| Abstract: | Rapid growth of deposits in U.S. foreign bank branches and current U.S. government policies have combined to create a new inequality in the deposit insurance system. Our research shows that smaller banks are substantially subsidizing the insurance costs of the larger, multinational institutions. When insurance premiums are viewed in the context of an implicit tax, it is highly regressive with the wealth transfer growing over time. Recent reform proposals do not fully address important international influences and therefore underestimate the scope of the problem. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
