1990 Articles
Is Deposit Insurance Necessary? A Historical Perspective
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.
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Also Published In
- Title
- Journal of Economic History
- DOI
- https://doi.org/10.1017/S0022050700036433
More About This Work
- Academic Units
- Business
- Published Here
- August 9, 2011