Asli Demirgüç-Kunt, Edward Kane, Luc Laeven, 04 August 2014

As governments are struggling to construct a global financial safety net, they must take into consideration the lessons from the recent crisis. To help in this task, this column presents findings from an updated database on deposit insurance arrangements from around the world through 2013. The number of countries with explicit deposit insurance programmes has continued to increase but differences across countries are observed. Although it is too early to draw conclusions about the reliability of further insurance deposit expansion as a tool for managing a future crisis, insurance fulfilled its primary purpose – it prevented open runs on bank deposits.

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