Chan, Yuk-Shee; Greenbaum, Stuart I; Thakor, Anjan V - In: Journal of Finance 47 (1992) 1, pp. 227-45
The authors analyze risk-sensitive, incentive-compatible deposit insurance in the presence of private information and moral hazard. Without deposit-linked subsidies, it is impossible to implement risk-sensitive, incentive-compatible deposit insurance pricing in a competitive, deregulated...