Deposit Insurance Around the Globe: Where Does It Work?
梳理各国存款保险设计的差异，并综述实证证据，说明设计特征如何影响市场纪律、银行稳定、金融发展及危机处理效果，挑战了在信息与监管环境薄弱时推行显性存款保险的普遍建议。
Explicit deposit insurance has been spreading rapidly in recent years, even to countries with low levels of financial and institutional development. This paper documents the extent of cross-country differences in deposit insurance design and reviews empirical evidence on how particular design features affect private market discipline, banking stability, financial development and the effectiveness of crisis resolution. This evidence challenges the wisdom of encouraging countries to adopt explicit deposit insurance without first stopping to assess and remedy weaknesses in their informational and supervisory environments.