Deposit Guarantee Schemes (eBook)

Francesca Arnaboldi is Associate Professor in Banking and Finance at the University of Milan, Italy. She gained her BSc and MSc in Finance from Bocconi University, her MSc in Financial Management from the University of London, CeFiMS (UK), and her PhD in Finance from the University of Bologna. Francesca has been working as a Visiting Researcher at the Centre for Banking Research, Cass Business School, City University, London since 2009 and she is a member of the Research Center on Financial Studies at the University of Modena and Reggio Emilia. Francesca's research interests focus on financial innovation; international banking; bank competition and performance; bank corporate governance, regulation and supervision.

Cover 1
Half-Title 2
Series 3
Title 4
Copyright 5
Contents 6
List of Boxes 8
List of Figures 9
List of Tables 10
Foreword 12
Acknowledgements 14
About the Author 15
Introduction 16
1 The European Financial Framework 20
1.1 Introduction 21
1.2 The establishment of the common market 22
1.3 European financial framework 29
1.4 Conclusion 32
2 The European Banking Union 36
2.1 Introduction 37
2.2 From national supervision to the European banking union 37
2.3 The banking union 41
2.4 The Single Resolution Mechanism (SRM) 44
2.5 The European banking system: towards integration 48
2.6 Conclusion 63
3 Deposit Guarantee Schemes 65
3.1 Introduction 66
3.2 Deposit guarantee schemes (DGSs) in the EU: the legal framework 67
3.3 Changes in deposit guarantee schemes (DGSs): Directive 2009/14/EC 72
3.4 A cross-country comparison of European DGSs 80
3.5 The US Federal Deposit Insurance Corporation 90
3.6 Conclusion 97
4 Empirical Investigation on Deposit Guarantee Schemes 101
4.1 Introduction 102
4.2 Theoretical framework on risk-based contributions to DGSs 103
4.3 The multiple indicators model (MIM): empirical assessment 108
4.4 A pan-European deposit guarantee scheme 125
4.5 Conclusion 130
Conclusion 133
Appendix 136
References 152
Index 164