Politická ekonomie 2011, 59(5):659-679 | DOI: 10.18267/j.polek.813

Evropské systémy pojištění vkladů: důsledky změn z roku 2008

Veronika Holá, Petr Jakubík
1 Komerční banka, a.s.
2 Evropská centrální banka a Institut ekonomických studií University Karlovy v Praze.

Impact of Parametric Changes in Deposit Insurance Schemes in 2008

This study examines the question whether uncoordinated steps of some EU states changing their deposit insurance schemes in the middle of 2008 could have led to shift of deposits among EU countries. The paper deals with changes of the rules which were introduced at the end of year 2008, and concerns with the amended Directive on Deposit Guarantee Schemes. Empirical analysis concentrates on the impact of state guarantees on the deposit grow rate in individual states. In the final part, we discuss the consequences of recent development.

Keywords: financial crisis, European Union, Moral hazard, Deposit Insurance, coverage limit, state guarantee
JEL classification: G01, G21, G38

Published: October 1, 2011  Show citation

ACS AIP APA ASA Harvard Chicago IEEE ISO690 MLA NLM Turabian Vancouver
Holá, V., & Jakubík, P. (2011). Impact of Parametric Changes in Deposit Insurance Schemes in 2008. Politická ekonomie, 59(5), 659-679. doi: 10.18267/j.polek.813
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. BALTAGI, B. H. 2005. Econometric Analysis of Panel Data. 2005.
    2. BASEL COMMITTEE ON BANKING SUPERVISION, INTERNATIONAL ASSOCIATION OF DEPOSIT INSURERS. 2009. Core Principles for Effective Deposit Insurance Systems. Bank for International Settlements, 2009.
    3. BECK, T. 2003. The Incentive-Compatible Design of Deposit Insurance and Bank Failure Resolution [Policy Research Working Paper No. 3043]. The World Bank, 2003. Go to original source...
    4. BRADLEY, Ch. M. 2000. A Historical Perspective on Deposit Insurance Coverage. FDIC Banking Review, 2000.
    5. COTTRELL, A.; LUCCHETTI, R. 2008. Gretl User's Guide. 2008.
    6. DEMIRGÜC-KUNT, A.; HUIZINGA, H. 1999. Market Discipline and Financial Safety Net Design. Development Research Group, the World Bank, and Department of Economics, Tilburg University and CEPR, 1999.
    7. EISENBEIS, R. A.; KAUFMAN G. G. 2007. Cross-Border Banking: Challenges for Deposit Insurance and Financial Stability in the European Union [Working paper 2006-15a]. Federal Reserve Bank of Atlanta working paper series, 2007.
    8. EUROPEAN COMMISSION. 2008. State aid: Overview of national rescue measures and deposit guarantee schemes. Brusel, 2008.
    9. EUROPEAN COMMISSION. 2009a. Consultation Document: Review of Directive 94/19/EC on Deposit-Guarantee Schemes (DGS). 2009.
    10. EUROPEAN COMMISSION. 2009b. Draft Minutes: Informal Experts Roundtable on Deposit Guarantee Schmes (DGS) on 31 March 2009 in Brussels. 2009.
    11. EUROPEAN COMMISSION. 2009c. Review of Directive 94/19/EC on Deposit Guarantee Schemes: Summary of the results of the public consultation in spring/summer 2009. 2009.
    12. EUROPEAN COMMISSION, JOINT RESEARCH CENTRE. 2007. Scenario Analysis: Estimating the effects of changing the funding mechanisms of EU Deposit Guarantee Schemes. 2007.
    13. EUROPEAN FORUM OF DEPOSIT INSURERS (EFDI). 2008. Report on the scope of cover under national Deposit Guarantee Schemes (DGS): "Deposits" and "Depositors". 2008.
    14. FEYEN, E.; VITTAS, D. 2009. Blanket Guarantee: Necessary during the Crisis, but What Next? The World Bank, 2009.
    15. FINANCIAL STABILITY FORUM. 2001. Guidance for Developing Effective Deposit Insurance Systems. 2001.
    16. GARCIA, G. 2000a. Deposit Insurance and Crisis Management [Working Paper WP/00/57]. International Monetary Fund, 2000. Go to original source...
    17. GROENEVELD, H. 2009. Towards a Balanced Deposit Guarantee System in Europe. Forum Financier/Revue Bancaire et Financière. 2009.
    18. GROPP, R.; VESALA J. 2004. Deposit Insurance, Moral Hazard and Market Monitoring [Working Paper No. 302]. European Central Bank, 2004. Go to original source...
    19. HOELSCHER, D. S.; TAYLOR, M.; KLUEH, U. H. 2006. The Design and Implementation of Deposit Insurance Systems. Washington D.C.: International Monetary Fund, 2006. ISBN 1-58906-503-4. Go to original source...
    20. HUIZINGA, H.; NICODÈME, G. 2002. Deposit Insurance and International Bank Deposits [Economic Paper No. 164]. European Commission Derectorate-General for Economic and Financial Affairs. 2002.
    21. INTERNATIONAL ASSOCIATION OF DEPOSIT INSURERS. 2009. Deposit Insurance Coverage Discussion Paper. 2009.
    22. LAEVEN, L.; VALENCIA, F. 2008. The Use of Blanket Guarantees in Banking Crises [IMF Working Paper WP/08/250]. International Monetary Fund, 2008. Go to original source...
    23. LAEVEN, L. 2004. The Political Economy of Deposit Insurance [World Bank Policy Research Working Paper 3247]. World bank, 2004. Go to original source...
    24. MAYES, D. G. 2004. The Role of the Safety Net in Resolving Large Financial Institutions. Bank of Finland. Paper prepared for the Federal Reserve Bank of Chicago Conference. 2004. Go to original source...
    25. MILEVA, E. 2007. Using Arellano-Bond Dynamic Panel GMM Estimators in Stata: Tutorial with Examples using Stata 9.0. Fordham University. 2007.
    26. MORRISON, A. D.; WHITE, L. 2006. Is Deposit Insurance Good Thing, and if So, Who Should Pay for It? [Working Paper No. 367]. National Centre of Competence in Researcdh Financial Valuation and Risk Management, 2006. Go to original source...
    27. NOIA, C.; MICOSSI, S. 2009. Keep It Simple: Policy Responses to the Financial Crisis. CEPS, 2009. ISBN 978-92-9079-863-7.
    28. SCHICH, S. 2008a. Financial Turbulece: Some lessons regarding Deposit Insurance. OECD, 2008. Go to original source...
    29. SCHICH, S. 2008b. Challenges Associated with the Expansion of Deposit Insurance Coverage during Fall 2008. Paris: OECD, 2008. Go to original source...
    30. SCHICH, S. 2009. Expanded Guarantees for Bank Liabilities: Selected issues. OECD, 2009. Go to original source...
    31. THIES, C. F.; GERLOWSKI, D. A. 1989. Deposit Insurance: A History of Failure. Cato Journal, 1989, Vol. 8, No. 3.
    32. WHEELOCK, D. C.; KUMBHAKAR S. C. 1995. Which Banks Choose Deposit Insurance? Evidence of Adverse Selection and Moral Hazard in a Voluntary Insurance System [Working Paper 1991-005B]. The Federal Reserve Bank of St. Louis, 1995. Go to original source...

    This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content