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Paperback The Postmodern Bank Safety Net: Lessons from Developed and Developing Economies (AEI Studies on Financial Market Deregulation) Book

ISBN: 0844771007

ISBN13: 9780844771007

The Postmodern Bank Safety Net: Lessons from Developed and Developing Economies (AEI Studies on Financial Market Deregulation)

Federal deposit insurance may be "the single most destabilizing influence in the financial system," says economist Charles W. Calomiris in a new study published by AEI. Market discipline provides a better bank safety net than government insurance, he concludes.

The Postmodern Bank Safety Net: Lessons from Developed and Developing Economies shows how government deposit insurance subsidizes the risks taken by banks. Weak banks deliberately...

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