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Deposit Insurance around the World and the Turkey Experience

Year 2012, Volume: 13 Issue: 2, 107 - 136, 01.06.2012

Fikret Kartal

Abstract

A deposit insurance scheme has the specific aims to protect small depositors and to contribute to the stability of financial system. The number of countries that have a deposit insurance scheme have increased rapidly since 1980. Turkey establishing explicit insurance scheme has experienced serious banking crises and the state had to go on domestic borrowing to pay this cost including deposit payments. The paper examines deposit insurance systems in theory and practice in the world; gives wide coverage to the Turkey’s model and make recommendations. 

Keywords

Deposit Insurance Banking Sector Financial System

References

  • Acharya, V.V., Santos, J.A.C. & Yorulmazer, T. (2010). “Systemic Risk and Deposit Insurance Pre- miums”, Economic Policy Review, August 2010, s. 89-99.
  • Avrupa Komisyonu (2012). EU Single Market Website on Deposit Guarantee Schemes.
  • Avrupa Komisyonu (2010). “Summary of the Impact Assessment”, Review of Directive 94/19/EC on Deposit Guarantee Schemes.
  • Bank For International Settlements & IADI. (2009). “Core Principles for Effective Deposit Insuran- ce Systems”, http://www.bis.org/publ/bcbs156.htm
  • BDDK (2009). Risk Bülteni, Temmuz 2009, Bankacılık düzenleme ve Denetleme Kurumu.
  • BDDK. Türk Bankacılık Sektörü İnteraktif Aylık Bülten, Bankacılık Düzenleme ve Denetleme Kuru- mu, http://ebulten.bddk.org.tr/AylikBulten/Basit.aspx
  • BDDK, 5411 Sayılı Bankacılık Kanunu, http://www.bddk.org.tr/websitesi/turkce/Mevzuat/Banka cilik_ Kanunu/Bankacilik_Kanunu.aspx
  • Bernet, B. & Walter, S. (2009). “Design, Structure and Implementation of a Modern Deposit Insu- rance Scheme”, The European Money and Finance Forum, SUERF Studies: 2009/5, Vienna.
  • Chu, K.H. (2011). Deposit Insurance and Banking Stability, Cato Journal, Winter 2011, s. 99-117.
  • Cooper, R. & Kempf, H. (2011). “Deposit Insurance Without Commitment: Wall St. Versus Main St.”, NBER Working Paper, No. 16752.
  • Demirgüç-Kunt, A., Karacaovalı, B. & Laeven, L. (2005). “Deposit Insurance Around the World: A Comprehensive Database”, World Bank Policy Research Working Paper, No.3628.
  • Demirgüç-Kunt, A. & Kane, E.J. (2002). “Deposit Insurance Around the Globe: Where Does it work?”, Journal of Economic Perspectives, Vol. 16(2).
  • EFDI (2006). “Deposit Guarantee Systems: EFDI’s First Report”, European Forum of Deposit Insu- rers.
  • EFDI. European Forum of Deposit Insurers, http://www.efdi.net/aboutUs.asp
  • FDIC (2011). 2010 Annual Report, Federal Deposit Insurance Fund.
  • FSB (2012). “Thematic Review on Deposit Insurance Systems”, Financial Stability Board.
  • Garcia, G. (2000). “Deposit Insurance and Crisis Management”, IMF Working Paper, WP/00/57.
  • Garcia, G. (1996). “Deposit Insurance: Obtaining the Benefits and Avoiding the Pitfalls”, IMF Wor- king Paper, WP/96/83.
  • Gerhardt, M. & Lannoo, K. (2011). “Options For Reforming Deposit Protection Schemes in the EU”, European Credit Research Institute Policy, Brief No. 4.
  • Gillman, M. (2009). “International Deposit Insurance”, Economic Affairs, Vol. 29, Issue 3, s. 103- 104.
  • Groeneveld, H. (2009). “Towards a Balanced Deposit Guarantee System in Europe”, Forum Finan- cier, 2009/6-7, s. 419-426.
  • Gropp, R. & Vesala, J. (2004). “Deposit Insurance, Moral Hazard and Market Monitoring”, Euro- pean Central Bank Working Paper Series, No.302.
  • IADI, http://www.iadi.org/di.aspx, International Association of Deposit Insurers,
  • IADI & IMF, 2009, “Unwinding Temporary Deposit Insurance Arrangements”, Report to the Finan- cial Stability Board.
  • Jickling, M. & Murphy, E.V. (2010). “Who Regulates Whom?”, An Overview of U.S. Financial Su- pervision, Congressional Research Service Report for Congress.
  • McCoy, P.A. (2006). “The Moral Hazard Implications of Deposit Insurance: Theory and Evidence”, Seminar on Current Developments in Monetary and Financial Law, Washington DC., October 23-27.
  • Morrison, A.D. & White, L. (2011). “Deposit Insurance and Subsidized Recapitalizations”, Journal of Banking & Finance, No. 35, s. 3400-3416.
  • Ngalawa, H., Tchana, F.T. & Viegi, N. (2011). “Banking Instability and Deposit Insurance: The Role of Moral Hazard”, Munich Personal Repec Archive, MPRA Paper No. 31329.
  • Oliveira, R.F., Schiozer, R.F. & Barros, L.C. (2011). “Where do I Put My Cash? Implicit Too Big to Fail Driving Explicit Deposit Behavior”, European Financial Management Association, 2011 Yılı Toplantısı, 22-25 Haziran, Braga, Portekiz.
  • Schich, S. (2009). “Challanges Associated with the Expansion of Deposit Insurance Coverage Du- ring Fall 2008”, Economics: The Open-Access, Open-Assessment E-Journal, Vol.3, 2009-20.
  • Schich, S. & Lindh, S. (2012). “Implicit Guarantees for Bank Debt: Where Do We Stand”, OECD Journal: Financial Market Trends, Volume 2012-Issue 1.
  • Stefansson, A. & Saethorsson, T. (2010). “Cross-border Issues in EU Deposite Guarentee Sche- mes”, Msc Finance & International Business, Aarhus School of Business.
  • TMSF (2012a). 2011 Yıllık Faaliyet Raporu, Tasarruf Mevduatı Sigorta Fonu.
  • TMSF (2012b). Ocak-Mart Faaliyet Raporu, Tasarruf Mevduatı Sigorta Fonu.
  • TMSF, “Tarihçe”, http://www.tmsf.org.tr/tarihce.tr, Tasarruf Mevduatı Sigorta Fonu.
  • TMSF, Sigortaya Tabi Mevduat ve Katılım Fonları ile Tasarruf Mevduatı Sigorta Fonunca Tahsil Olunacak Primlere Dair Yönetmelik (29.09.2011), http://www.tmsf.org.tr/Aspx/kk/ashx/ fi- le.ashx?type=1&uploadId=305
  • Zawadzka, P. (2011). “Current Rules of the Deposit Guarantee System in Poland”, Wroclaw Re- view of Law, Administration & Economics, Vol 1: 67., s. 67-76.

Dünyada Mevduat Sigortacılığı ve Türkiye Uygulaması

Year 2012, Volume: 13 Issue: 2, 107 - 136, 01.06.2012

Fikret Kartal

Abstract

Tasarrufları korumak suretiyle ekonomik istikrar ve güven ortamını besleyen mevduat sigortacılığına ilişkin uygulamalar dünya genelinde özellikle 1980 sonrasında hızlı şekilde çoğalmıştır. Açık ve sınırlı mevduat güvence sistemine sahip olan Türkiye yakın tarihinde büyük bankacılık krizleri yaşamış ve mevduat sahiplerine yapılan ödemeler dahil olmak üzere çok yüksek tutarlı yükümlülükler kamu bütçesinden karşılanmıştır. Çalışmada mevduat sigortacılığının teorik çerçevesi ve dünya uygulamaları incelenerek Türkiye’de uygulanan modele ilişkin değerlendirme ve önerilerde bulunulmuştur

Keywords

Mevduat Sigortası Bankacılık Sektörü Finansal Sistem

References

  • Acharya, V.V., Santos, J.A.C. & Yorulmazer, T. (2010). “Systemic Risk and Deposit Insurance Pre- miums”, Economic Policy Review, August 2010, s. 89-99.
  • Avrupa Komisyonu (2012). EU Single Market Website on Deposit Guarantee Schemes.
  • Avrupa Komisyonu (2010). “Summary of the Impact Assessment”, Review of Directive 94/19/EC on Deposit Guarantee Schemes.
  • Bank For International Settlements & IADI. (2009). “Core Principles for Effective Deposit Insuran- ce Systems”, http://www.bis.org/publ/bcbs156.htm
  • BDDK (2009). Risk Bülteni, Temmuz 2009, Bankacılık düzenleme ve Denetleme Kurumu.
  • BDDK. Türk Bankacılık Sektörü İnteraktif Aylık Bülten, Bankacılık Düzenleme ve Denetleme Kuru- mu, http://ebulten.bddk.org.tr/AylikBulten/Basit.aspx
  • BDDK, 5411 Sayılı Bankacılık Kanunu, http://www.bddk.org.tr/websitesi/turkce/Mevzuat/Banka cilik_ Kanunu/Bankacilik_Kanunu.aspx
  • Bernet, B. & Walter, S. (2009). “Design, Structure and Implementation of a Modern Deposit Insu- rance Scheme”, The European Money and Finance Forum, SUERF Studies: 2009/5, Vienna.
  • Chu, K.H. (2011). Deposit Insurance and Banking Stability, Cato Journal, Winter 2011, s. 99-117.
  • Cooper, R. & Kempf, H. (2011). “Deposit Insurance Without Commitment: Wall St. Versus Main St.”, NBER Working Paper, No. 16752.
  • Demirgüç-Kunt, A., Karacaovalı, B. & Laeven, L. (2005). “Deposit Insurance Around the World: A Comprehensive Database”, World Bank Policy Research Working Paper, No.3628.
  • Demirgüç-Kunt, A. & Kane, E.J. (2002). “Deposit Insurance Around the Globe: Where Does it work?”, Journal of Economic Perspectives, Vol. 16(2).
  • EFDI (2006). “Deposit Guarantee Systems: EFDI’s First Report”, European Forum of Deposit Insu- rers.
  • EFDI. European Forum of Deposit Insurers, http://www.efdi.net/aboutUs.asp
  • FDIC (2011). 2010 Annual Report, Federal Deposit Insurance Fund.
  • FSB (2012). “Thematic Review on Deposit Insurance Systems”, Financial Stability Board.
  • Garcia, G. (2000). “Deposit Insurance and Crisis Management”, IMF Working Paper, WP/00/57.
  • Garcia, G. (1996). “Deposit Insurance: Obtaining the Benefits and Avoiding the Pitfalls”, IMF Wor- king Paper, WP/96/83.
  • Gerhardt, M. & Lannoo, K. (2011). “Options For Reforming Deposit Protection Schemes in the EU”, European Credit Research Institute Policy, Brief No. 4.
  • Gillman, M. (2009). “International Deposit Insurance”, Economic Affairs, Vol. 29, Issue 3, s. 103- 104.
  • Groeneveld, H. (2009). “Towards a Balanced Deposit Guarantee System in Europe”, Forum Finan- cier, 2009/6-7, s. 419-426.
  • Gropp, R. & Vesala, J. (2004). “Deposit Insurance, Moral Hazard and Market Monitoring”, Euro- pean Central Bank Working Paper Series, No.302.
  • IADI, http://www.iadi.org/di.aspx, International Association of Deposit Insurers,
  • IADI & IMF, 2009, “Unwinding Temporary Deposit Insurance Arrangements”, Report to the Finan- cial Stability Board.
  • Jickling, M. & Murphy, E.V. (2010). “Who Regulates Whom?”, An Overview of U.S. Financial Su- pervision, Congressional Research Service Report for Congress.
  • McCoy, P.A. (2006). “The Moral Hazard Implications of Deposit Insurance: Theory and Evidence”, Seminar on Current Developments in Monetary and Financial Law, Washington DC., October 23-27.
  • Morrison, A.D. & White, L. (2011). “Deposit Insurance and Subsidized Recapitalizations”, Journal of Banking & Finance, No. 35, s. 3400-3416.
  • Ngalawa, H., Tchana, F.T. & Viegi, N. (2011). “Banking Instability and Deposit Insurance: The Role of Moral Hazard”, Munich Personal Repec Archive, MPRA Paper No. 31329.
  • Oliveira, R.F., Schiozer, R.F. & Barros, L.C. (2011). “Where do I Put My Cash? Implicit Too Big to Fail Driving Explicit Deposit Behavior”, European Financial Management Association, 2011 Yılı Toplantısı, 22-25 Haziran, Braga, Portekiz.
  • Schich, S. (2009). “Challanges Associated with the Expansion of Deposit Insurance Coverage Du- ring Fall 2008”, Economics: The Open-Access, Open-Assessment E-Journal, Vol.3, 2009-20.
  • Schich, S. & Lindh, S. (2012). “Implicit Guarantees for Bank Debt: Where Do We Stand”, OECD Journal: Financial Market Trends, Volume 2012-Issue 1.
  • Stefansson, A. & Saethorsson, T. (2010). “Cross-border Issues in EU Deposite Guarentee Sche- mes”, Msc Finance & International Business, Aarhus School of Business.
  • TMSF (2012a). 2011 Yıllık Faaliyet Raporu, Tasarruf Mevduatı Sigorta Fonu.
  • TMSF (2012b). Ocak-Mart Faaliyet Raporu, Tasarruf Mevduatı Sigorta Fonu.
  • TMSF, “Tarihçe”, http://www.tmsf.org.tr/tarihce.tr, Tasarruf Mevduatı Sigorta Fonu.
  • TMSF, Sigortaya Tabi Mevduat ve Katılım Fonları ile Tasarruf Mevduatı Sigorta Fonunca Tahsil Olunacak Primlere Dair Yönetmelik (29.09.2011), http://www.tmsf.org.tr/Aspx/kk/ashx/ fi- le.ashx?type=1&uploadId=305
  • Zawadzka, P. (2011). “Current Rules of the Deposit Guarantee System in Poland”, Wroclaw Re- view of Law, Administration & Economics, Vol 1: 67., s. 67-76.
There are 37 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Fikret Kartal This is me

Publication Date June 1, 2012
Submission Date December 12, 2014
Published in Issue Year 2012 Volume: 13 Issue: 2

Cite

APA Kartal, F. (2012). Dünyada Mevduat Sigortacılığı ve Türkiye Uygulaması. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, 13(2), 107-136.
AMA Kartal F. Dünyada Mevduat Sigortacılığı ve Türkiye Uygulaması. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. June 2012;13(2):107-136.
Chicago Kartal, Fikret. “Dünyada Mevduat Sigortacılığı Ve Türkiye Uygulaması”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 13, no. 2 (June 2012): 107-36.
EndNote Kartal F (June 1, 2012) Dünyada Mevduat Sigortacılığı ve Türkiye Uygulaması. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 13 2 107–136.
IEEE F. Kartal, “Dünyada Mevduat Sigortacılığı ve Türkiye Uygulaması”, Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, vol. 13, no. 2, pp. 107–136, 2012.
ISNAD Kartal, Fikret. “Dünyada Mevduat Sigortacılığı Ve Türkiye Uygulaması”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 13/2 (June 2012), 107-136.
JAMA Kartal F. Dünyada Mevduat Sigortacılığı ve Türkiye Uygulaması. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 2012;13:107–136.
MLA Kartal, Fikret. “Dünyada Mevduat Sigortacılığı Ve Türkiye Uygulaması”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, vol. 13, no. 2, 2012, pp. 107-36.
Vancouver Kartal F. Dünyada Mevduat Sigortacılığı ve Türkiye Uygulaması. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 2012;13(2):107-36.