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| Tekijä: | Bartholdy, J. Boyle, G. W. Stover, R. D. |
| Otsikko: | Deposit insurance and the risk premium in bank deposit rates |
| Lehti: | Journal of Banking and Finance
2003 : APR, VOL. 27:4, p. 699-717 |
| Asiasana: | Deposit insurance Banks Regulations Information economics Moral hazard |
| Kieli: | eng |
| Tiivistelmä: | Using financial and institutional panel data from thirteen countries, the authors find that the risk premium is over 40 basis points higher on average in uninsured countries than in countries that offer insurance up to some pre-specified maximum. However, the risk premium has a non-linear relationship with the level of maximum insurance coverage, suggesting that the market recognizes the moral hazard potential. |
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