MODIS : a market-oriented deposit insurance scheme /

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Bibliographic Details
Author / Creator:Vaez-Sadeh, Reza.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2002.
Description:1 online resource (33 pages) : illustrations
Language:English
Series:IMF working paper ; WP/02/207
IMF working paper ; WP/02/207.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497453
Hidden Bibliographic Details
Varying Form of Title:Market-oriented deposit insurance scheme
Other authors / contributors:Xie, Danyang, 1964-
Zoli, Edda.
International Monetary Fund.
IMF Institute.
ISBN:1283513242
9781283513241
Notes:Includes bibliographical references (pages 28-33).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:This paper argues that an optimal deposit insurance scheme would allow the level of insurance coverage to be determined by the market. Based on this principle, the paper proposes an insurance scheme that minimizes distortions and embodies fairness and credibility, two essential characteristics of a viable and effective deposit insurance scheme. Using a simple model for the determination of the optimal level of insurance coverage, it is shown that the optimal coverage is higher for developing compared to developed countries; a condition that is broadly satisfied by prevailing deposit insurance practices around the world.
Other form:Print version: Vaez-Sadeh, Reza. MODIS. [Washington, D.C.] : International Monetary Fund, ©2002