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- W3124069906 abstract "The passage of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), which removed some of the freedom or latitude the FDIC had in resolving and closing insolvent institutions, makes it clear that regulatory closure rules are not invariant with regard to time and events. Therefore, this paper analyzes the effects of variations in the laxity or strictness of bank closure rules on the valuation of deposit insurance. Hardly predictable state variables, such as political, economic and bureaucratie constraints, represent potential sources of uncertainty that drive changes in the stringency of closure policy. A variation of Ronn and Verma's [1986] model is extended to consider situations where the insurance agency's closure rule is uncertain." @default.
- W3124069906 created "2021-02-01" @default.
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- W3124069906 date "1996-01-01" @default.
- W3124069906 modified "2023-09-23" @default.
- W3124069906 title "The Effects of Variations in Laxity (or Strictness) of Closure Rules on the Valuation of Deposit Insurance" @default.
- W3124069906 hasPublicationYear "1996" @default.
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