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Is Deposit Insurance Necessary? A Historical Perspective

Charles W. Calomiris

Title:
Is Deposit Insurance Necessary? A Historical Perspective
Author(s):
Calomiris, Charles W.
Date:
Type:
Articles
Department:
Business
Volume:
50
Permanent URL:
Book/Journal Title:
Journal of Economic History
Abstract:
The motivation and structure of various banking insurance experiments in U.S. history are analyzed, along with their political alternative, branch banks. In both the antebellum period and in the 1920s, insurance systems that relied on self-regulation, made credible by mutual liability, were successful, while compulsory state systems were not. Branch banking increased stability and resiliency to shocks.
Subject(s):
Economic history
American history
Banking
Publisher DOI:
http://dx.doi.org/10.1017/S0022050700036433
Item views:
265
Metadata:
text | xml

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