English, Article edition: Japan's Experience with Deposit Insurance and Failing Banks: Implications for Financial Regulatory Design? Milhaupt, Curtis-J

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/35466
Physical Description
  • article
Language
  • English

Edition details

Title
  • Japan's Experience with Deposit Insurance and Failing Banks: Implications for Financial Regulatory Design?
Author
  • Milhaupt, Curtis-J
Physical Description
  • article
Notes
  • This paper examines three decades of Japanese experience with deposit insurance and failing banks, and analyzes the implications of that experience for bank safety-net reform in other countries. To date, the literature and policy debate on deposit insurance have been heavily colored by U.S. banking history and focus almost exclusively on explicit deposit protection schemes. Analysis of Japan's safety-net experience suggests that (1) deposit insurance, for all its flaws, is superior to the real-world alternative--implicit government protection of depositors and discretionary regulatory intervention in bank distress; (2) a well- designed explicit deposit insurance system that includes a credible bank- closure policy is the starting point for the design of effective private alternatives to a government-run safety net; and (3) the trend toward greater institutionalization of the Japanese safety net--culminating in recent legislation to address the financial crisis-reflects increased political competition and greater emphasis on legal as opposed to reputational systems of economic ordering in that country. This paper discusses pricing methods, comments on matters of concern in market risk management, and analyzes market characteristics of convertible bonds.
  • RePEc:ime:imemes:v:17:y:1999:i:2:p:21-46
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment