US deposit insurance requires rethink, say experts
Dallas Fed study asks if current level is sufficient, while NYU professor argues for 100% coverage
The US deposit insurance framework may require a rethink, argue researchers with the Federal Reserve Bank of Dallas.
Their study, published on August 5, says reciprocal deposit networks enable customers to split their deposits across multiple banks, and thereby obtain Federal Deposit Insurance Corporation (FDIC) coverage for each account.
The authors, Christine Docherty and Alessio Saretto, say these networks raise two questions: is the current level of deposit insurance optimal, and are
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Financial inclusion
New banking entrants key to financial inclusion – BCB deputy
Pix helped address shortcomings of online-only lenders, Renato Gomes tells Autumn Meetings
North Macedonia reshuffles reserve requirements
Central bank eyes more long-term, dinar-denominated savings and stronger deposit base for banks
Hungarian central bank launches anti-cyber fraud campaign
Governor announces five-step campaign to counteract increasing prevalence of scams
Confidence in stability matters for financial inclusion – IMF paper
Study of central Asia finds good governance increases effectiveness of many policies
IMF tracks sharp rise in deposit accounts in emerging economies
Latest survey highlights inclusion trends in bank accounts, card usage and digital services
Financial literacy quickens monetary policy reaction – study
Improving people’s knowledge of money matters could strengthen transmission
How to increase the impact of financial literacy initiatives
As surveys show financial literacy outcomes falling short, Pedro Duarte Neves distils key lessons
Banks begin tailoring offers to Gen Z’s needs – MNB report
First “fully digital” generation expects 24/7 digital payments solutions