Replacing the FDIC: Private Insurance for Bank Deposits England, Catherine;
Publication Date: December 1982
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): John Palffy
Research Area: Banking and finance
Keywords: Regulation
Type: Report
Abstract:
FDIC has proved that, while it can rescue banks, it cannot prevent failures. A system of private insurance, marshalling time-tested market incentives, will create an environment in which the malaise of shaky financial institutions can be detected early and restored to health.
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