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  • We study the effects of deposit insurance and observability of previous actions on the emergence of bank runs by means of a controlled laboratory experiment. We consider three depositors in the line of a bank, who decide between withdrawing or keeping their money deposited. We have three treatments with different levels of deposit insurance which reflect the losses a depositor may incur in the case of a bank run.We find that different levels of deposit insurance and the possibility of observing other depositors’ actions affect the likelihood of bank runs. When decisions are not observable, higher levels of deposit insurance decrease the probability of bank runs. When decisions are observable, this need not to be the case. These results suggest that (i) observability might be considered as a partial substitute of deposit insurance and (ii) the optimal deposit insurance should take into account the degree of observability.
  • We study the effects of deposit insurance and observability of previous actions on the emergence of bank runs by means of a controlled laboratory experiment. We consider three depositors in the line of a bank, who decide between withdrawing or keeping their money deposited. We have three treatments with different levels of deposit insurance which reflect the losses a depositor may incur in the case of a bank run.We find that different levels of deposit insurance and the possibility of observing other depositors’ actions affect the likelihood of bank runs. When decisions are not observable, higher levels of deposit insurance decrease the probability of bank runs. When decisions are observable, this need not to be the case. These results suggest that (i) observability might be considered as a partial substitute of deposit insurance and (ii) the optimal deposit insurance should take into account the degree of observability. (en)
Title
  • On the effects of deposit insurance and observability on bank runs: an experimental study
  • On the effects of deposit insurance and observability on bank runs: an experimental study (en)
skos:prefLabel
  • On the effects of deposit insurance and observability on bank runs: an experimental study
  • On the effects of deposit insurance and observability on bank runs: an experimental study (en)
skos:notation
  • RIV/00216208:11640/12:00388372!RIV13-MSM-11640___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • I
http://linked.open...iv/cisloPeriodika
  • 8
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
  • Kiss, Hubert Janos
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 156392
http://linked.open...ai/riv/idVysledku
  • RIV/00216208:11640/12:00388372
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • deposit insurance; observability; bank runs (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • US - Spojené státy americké
http://linked.open...ontrolniKodProRIV
  • [EC1D4E47BA61]
http://linked.open...i/riv/nazevZdroje
  • Journal of Money Credit and Banking
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 44
http://linked.open...iv/tvurceVysledku
  • Kiss, Hubert Janos
  • Rodriguez-Lara, I.
  • Rosa-García, A.
http://linked.open...ain/vavai/riv/wos
  • 000311614900008
issn
  • 0022-2879
number of pages
http://bibframe.org/vocab/doi
  • 10.1111/j.1538-4616.2012.00548.x
http://localhost/t...ganizacniJednotka
  • 11640
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