The Macro-Economic Effects of a European Deposit (Re-)Insurance Scheme

被引：0

作者：

Clemens, Marius ^{[1
]}

Gebauer, Stefan ^{[2
]}

Koenig, Tobias ^{[3
]}

机构：

[1] DIW Berlin, Berlin, Germany

[2] European Cent Bank, Frankfurt, Germany

[3] Univ Bonn, Bonn, Germany

来源：

JOURNAL OF MONEY CREDIT AND BANKING | 2024年

关键词：

Banking Union; deposit insurance; risk sharing; bank runs; macroprudential regulation; BANK RISK EVIDENCE; MONETARY-POLICY; MARKET DISCIPLINE; DSGE MODEL; INSURANCE; RUNS; LIQUIDITY;

D O I：

10.1111/jmcb.13232

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Recent proposals for a European deposit insurance scheme (EDIS) favor a reinsurance framework. In this paper, we use a regime-switching open-economy DSGE model with bank defaults to assess the relative efficiency of such a scheme. We find that reinsurance by EDIS is more effective in stabilizing real activity, credit, and welfare than a national fiscal backstop. We demonstrate that risk-weighted contributions to EDIS are welfare-beneficial for depositors and discuss trade-offs policymakers face during the implementation of EDIS. We also find that macroprudential regulation and EDIS can complement each other and that EDIS can prevent bank runs under certain conditions.

引用

页数：48

共 43 条

[31] THE CONVERGENT EVOLUTION OF ROMANIA'S GROSS DOMESTIC PRODUCT IN RELATION TO THE AVERAGE MACRO-ECONOMIC RESULT OF THE EUROPEAN UNION COUNTRIES
Necula, Raluca
Stoian, Mirela
Draghici, Manea
AMFITEATRU ECONOMIC, 2016, 18 (43) : 575 - 591
[32] (Un)conditional Basic Income and Participation Income: A Review of Its Micro- and Macro-Economic Effects
Somers, Melline A.
Muffels, Ruud J. A.
Kuenn-Nelen, Annemarie
ECONOMIST-NETHERLANDS, 2025, 173 (01): : 205 - 244
[33] Assessing Macro-economic Effects of Climate Impacts on Energy Demand in EU Sub-national Regions
Standardi, Gabriele
Dasgupta, Shouro
Parrado, Ramiro
De Cian, Enrica
Bosello, Francesco
ENVIRONMENTAL & RESOURCE ECONOMICS, 2023, 86 (1-2): : 173 - 201
[34] Solo self-employed versus employer entrepreneurs: determinants and macro-economic effects in OECD countries
van Stel A.
Wennekers S.
Scholman G.
Eurasian Business Review, 2014, 4 (1) : 107 - 136
[35] Completing the Banking Union with a European deposit insurance scheme: who is afraid of cross-subsidization?
Carmassi, Jacopo
Dobkowitz, Sonja
Evrard, Johanne
Parisi, Laura
Silva, Andre F.
Wedow, Michael
ECONOMIC POLICY, 2020, 35 (101) : 41 - 95
[36] Completing Banking Union? The Role of National Deposit Guarantee Schemes in Shifting Member States' Preferences on the European Deposit Insurance Scheme
Tuemmler, Mario
JCMS-JOURNAL OF COMMON MARKET STUDIES, 2022, 60 (06) : 1556 - 1572
[37] An unemployment re-insurance scheme for the eurozone? Stabilizing and redistributive effects
Dolls, Mathias
EUROPEAN ECONOMIC REVIEW, 2024, 170
[38] The new European financial markets legal framework: a real improvement? An analysis of financial law and governance in European capital markets from a micro-and macro-economic perspective
de Sevres, Nicolette Kost
Sasso, Lorenzo
CAPITAL MARKETS LAW JOURNAL, 2012, 7 (01) : 30 - 54
[39] Alternative forms of deposit insurance and the quest for European harmonized deposit guarantee scheme-centred special administrative regimes to handle troubled banks
Bodellini, Marco
UNIFORM LAW REVIEW, 2020, 25 (2-3) : 212 - 255
[40] PRIVATE FOREIGN INVESTMENT IN DEVELOPING COUNTRIES - QUANTITATIVE STUDY ON EVALUATION OF MACRO-ECONOMIC EFFECTS - BOS,HC, SANDERS,M AND SECCHI,C
SIDERI, S
DEVELOPMENT AND CHANGE, 1975, 6 (01) : 111 - 114

← 1 2 3 4 5 →