haku: @indexterm Deposit insurance / yhteensä: 14
viite: 2 / 14
Tekijä: | Gropp, R. Vesala, J. |
Otsikko: | Deposit insurance, moral hazard and market monitoring |
Lehti: | Review of finance
2004 : VOL. 8:4, p. 571-602 |
Asiasana: | Banking Central banks Deposit insurance Moral hazard |
Kieli: | eng |
Tiivistelmä: | This article examines the relationship between deposit insurance, debt-holder monitoring, and risk taking. The model is tested using EU bank level data and it yields evidence consistent with the model, indicating that explicit deposit insurance may serve as a commitment device to limit the safety net and permit monitoring by uninsured subordinated debt-holders. |
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