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Introduction

In: The Role of Deposit Guarantee Schemes as a Financial Safety Net in the European Union

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  • Jakub Kerlin

    (Warsaw School of Economics)

Abstract

The dynamic development of the financial market determines the necessity of creating public institutions responsible for the proper functioning, stability, and safety of market participants. Traditionally, central banks, the government, supervisory bodies, and deposit insurance agencies are all singled out in an institutional perspective as participants of the so-called financial safety net. The evolution of the structure is a frequent subject of thematic research. Times of severe turmoil, such as the global financial crisis that triggered the discussion on necessary reforms, bring constant inspiration for further studies. The experiences derived from the recent financial crisis made it necessary to redefine the role of the financial safety net, along with its deposit guarantee schemes.

Suggested Citation

  • Jakub Kerlin, 2017. "Introduction," Palgrave Macmillan Studies in Banking and Financial Institutions, in: The Role of Deposit Guarantee Schemes as a Financial Safety Net in the European Union, chapter 1, pages 1-6, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-319-54163-1_1
    DOI: 10.1007/978-3-319-54163-1_1
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