Deposit Insurance, Bank Risk-Taking, and Failures: Evidence from Early Twentieth-Century State Deposit Insurance Systems

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dc.contributor.authorAldunate, Felipe
dc.date.accessioned2025-01-23T21:10:03Z
dc.date.available2025-01-23T21:10:03Z
dc.date.issued2019
dc.description.abstractI use the introduction of deposit insurance in eight U.S. states in the early twentieth-century to study the effects of deposit insurance on the banking system. Using a triple difference approach exploiting regulatory differences between national and state banks and between states, I find that insured banks experienced higher deposit growth and decreased funding costs. I also observe a replacement of demand deposits by riskier time deposits. However, I find no aggregate effects on failure rates or risk-taking. Using hand-collected micro-level data, I show that small and large banks reacted differently and that banks facing funding problems especially benefited.
dc.description.funderProyecto Fondecyt Iniciacion
dc.fuente.origenWOS
dc.identifier.doi10.1093/rcfs/cfz001
dc.identifier.eissn2046-9136
dc.identifier.issn2046-9128
dc.identifier.urihttps://doi.org/10.1093/rcfs/cfz001
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/100835
dc.identifier.wosidWOS:000492956800002
dc.issue.numero2
dc.language.isoen
dc.pagina.final301
dc.pagina.inicio260
dc.revistaReview of corporate finance studies
dc.rightsacceso restringido
dc.subject.ods09 Industry, Innovation and Infrastructure
dc.subject.ods08 Decent Work and Economic Growth
dc.subject.ods10 Reduced Inequality
dc.subject.ods01 No Poverty
dc.subject.odspa09 Industria, innovación e infraestructura
dc.subject.odspa08 Trabajo decente y crecimiento económico
dc.subject.odspa10 Reducción de las desigualdades
dc.subject.odspa01 Fin de la pobreza
dc.titleDeposit Insurance, Bank Risk-Taking, and Failures: Evidence from Early Twentieth-Century State Deposit Insurance Systems
dc.typeartículo
dc.volumen8
sipa.indexWOS
sipa.trazabilidadWOS;2025-01-12
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