Fixed-premium deposit insurance and international credit crunches
构建了一个外国贷款垄断竞争模型，发现固定保费存款保险会降低银行对问题债务人的再贷款参与度，低于全球最优水平，从而在坏状态下抑制信贷扩张，增加预期违约率和存款保险机构的预期负担。
We introduce a monopolistically-competitive model of foreign lending in which both explicit and implicit fixed-premium deposit insurance increase the degree to which bank participation in relending to problem debtors falls below its globally optimal level. This provides a channel for fixed-premium deposit insurance to inhibit credit extension in bad states, resulting in an increase in the expected default percentage and an increase in the expected burden on the deposit insurance institution.