Deposit insurance: Friend or foe?
dc.contributor.author | Radburn, Crosby | |
dc.date.accessioned | 2017-05-22T00:23:30Z | |
dc.date.accessioned | 2022-07-11T21:25:27Z | |
dc.date.available | 2017-05-22T00:23:30Z | |
dc.date.available | 2022-07-11T21:25:27Z | |
dc.date.copyright | 2016 | |
dc.date.issued | 2016 | |
dc.description.abstract | Following the Global Financial Crisis many governments have undergone reform to ensure stability in financial markets. One mechanism adopted throughout many jurisdictions is deposit insurance. The Reserve Bank of New Zealand has chosen not to adopt such regulation. This essay criticises this decision. The current regulatory framework leaves depositors vulnerable to losses upon bank failure. Upon bank failure recovery is largely subject to the discretion of the Minister. This provides uncertainty in the markets, and consequently aggravates the risk of banks runs and a contagion risk. Adopting a suitably designed deposit insurance scheme will remove this uncertainty, create confidence, and increase the stability of the banking sector. | en_NZ |
dc.format | en_NZ | |
dc.identifier.uri | https://ir.wgtn.ac.nz/handle/123456789/20178 | |
dc.language | en_NZ | |
dc.language.iso | en_NZ | |
dc.publisher | Te Herenga Waka—Victoria University of Wellington | en_NZ |
dc.subject | Deposit insurance | en_NZ |
dc.subject | Global financial crisis | en_NZ |
dc.subject | Prudential regulation | en_NZ |
dc.subject | Banking sector | en_NZ |
dc.subject | Financial markets | en_NZ |
dc.title | Deposit insurance: Friend or foe? | en_NZ |
dc.type | Text | en_NZ |
thesis.degree.discipline | Law | en_NZ |
thesis.degree.name | LL.B. (Honours) | en_NZ |
vuwschema.contributor.school | School of Law | en_NZ |
vuwschema.contributor.unit | Victoria Law School | en_NZ |
vuwschema.contributor.unit | Faculty of Law / Te Kauhanganui Tātai Ture | en_NZ |
vuwschema.subject.anzsrcfor | 189999 Law and Legal Studies not elsewhere classified | en_NZ |
vuwschema.subject.anzsrcforV2 | 489999 Other law and legal studies not elsewhere classified | en_NZ |
vuwschema.subject.anzsrcseo | 970118 Expanding Knowledge in Law and Legal Studies | en_NZ |
vuwschema.subject.anzsrctoa | 1 Pure Basic Research | en_NZ |
vuwschema.type.vuw | Research Paper or Project | en_NZ |