Deposit Insurance During EU Accession

21 Pages Posted: 16 Nov 2003

See all articles by Nikolay Nenovsky

Nikolay Nenovsky

Bulgarian National Bank

Kalina Dimitrova

Bulgarian National Bank

Date Written: October 2003

Abstract

The paper presents a brief review of the systems of deposit insurance in accession countries, comparing their level of harmonization with the perspective of their EU integration. Studying the different practices of deposit insurance in the context of developing financial safety nets in future Europe we have found that: (i) there is over-insurance of deposits in accession countries, and (ii) that this could lead to increasing moral hazard, incentives deformation and increasing costs of banking intermediation in the whole euro area.

Keywords: deposits insurance, financial regulation, accession countries

JEL Classification: G1, P2

Suggested Citation

Nenovsky, Nikolay and Dimitrova, Kalina, Deposit Insurance During EU Accession (October 2003). Available at SSRN: https://ssrn.com/abstract=457703 or http://dx.doi.org/10.2139/ssrn.457703

Nikolay Nenovsky (Contact Author)

Bulgarian National Bank ( email )

str "St. Sofia" 5
Sofia, 1040
Bulgaria
+ 359 2 9145 1239 (Phone)
+ 359 2 980 24 25 (Fax)

Kalina Dimitrova

Bulgarian National Bank ( email )

str "St. Sofia" 5
Sofia, 1040
Bulgaria

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