Carr, Jack; Mathewson, Frank; Quigley, Neil - In: Journal of Money, Credit and Banking 27 (1995) 4, pp. 1137-58
The Canadian banking system experienced a prolonged period of stability prior to the introduction of deposit insurance in 1967. Documenting the reasons for this stability provides important evidence in the debate over the impact of mandatory flat-rate deposit insurance. In this paper we use new...