Abstract
This paper compares the performance of a convoy banking system, similar to that whch prevailed in Japan, to a fixed-premium deposit insurance regime. While neither regime is generally preferable over the other, the performance of the convoy system is shown to be more sensitive to changes in bank charter values and the overall health of the banking system under fairly general conditions. The recent breakdown of the convoy system may therefore be partly attributable to adverse movements in these characteristics in Japan. J. Japan. Int. Econ., September 2000, 14(3), pp. 149–168. Federal Reserve Bank of San Francisco, P.O. Box 7702, San Francisco, California 94120. Copyright 2000 Academic Press.Journal of Economic Literature Classification Numbers: G21, G28.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Journal of The Japanese and International Economies
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
