Is Deposit Insurance Necessary? A Historical Perspective

Articles:

Title:: Is Deposit Insurance Necessary? A Historical Perspective
Author(s):: Calomiris, Charles W.
Date:: 1990
Type:: Articles
Department:: Business
Volume:: 50
Permanent URL:: http://hdl.handle.net/10022/AC:P:10863
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
DOI:: http://dx.doi.org/10.1017/S0022050700036433