Luc Laeven
The Political Economy of Deposit Insurance
World Bank
paper uses political economy framework analyze crosscountry differences deposit insurance coverage finds supporting evidence significance private interest theories explaining coverage deposit insurance deposit insurance coverage significantly higher countries poorly capitalized banks dominate market countries depositors poorly educated analysis find coverage significantly related politicalinstitutional variables degree democracy restraints executive proxies general level institutional development per capita income property rights results provide evidence support private interest view according risky banks lobby extensive coverage