; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Risky Collateral and Deposit Insurance"; ; "batchuser@example.com"; "Kocherlakota, Narayana Rao, 1963-"; "Federal Reserve Bank of Minneapolis"; "This paper provides a new rationalization for deposit insurance and systemic disintermediations. I consider an environment in which borrowers face no penalty for failing to repay obligations except the loss of their collateral. I assume that this collateral has aggregate risk. For a subset of the exogenous parameters, I demonstrate that an optimal arrangement features deposit insurance. For a strictly smaller set of parameters, it is optimal in some states of the world to have systemic disintermediation and concomitant falls in real output."^^; "2000-08"; "2019-08-19T17:17:58.136377457+00:00"^^; "https://doi.org/10.21034/sr.274"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 21:58:16 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "410"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "274"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Advances in Macroeconomics_ (Vol. 1, No. 1, 2001) https://doi.org/10.2202/1534-6013.1002. "^^; ; "Publication" . ; .