In general, the 1990s was a decade of considerable and broad economic growth. It was also characterised by extensive corporate (financial) sector failure in South‐East Asia. Since 2001 a number of major (non‐financial) corporations have failed in the USA and Europe. The majority of these...

Explicit deposit insurance is a safety net that bank regulatory authorities use to attempt to prevent and mitigate the costs of bank failures. International experience has shown however that explicit deposit insurance can increase the risk‐taking behaviour of banks. In this paper the authors...