Shy, Oz; Stenbacka, Rune; Yankov, Vladimir - Federal Reserve Board (Board of Governors of the … - 2014
Deposit insurance designs in many countries place a limit on the coverage of deposits in each bank. However, no limits … are placed on the number of accounts held with different banks. Therefore, under limited deposit insurance, some consumers … open accounts with different banks to achieve higher or full deposit insurance coverage. We compare three regimes of …