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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Australia: Financial Claims Scheme, Ezekiel Vergara
Australia: Financial Claims Scheme, Ezekiel Vergara
Journal of Financial Crises
Following the collapse of Lehman Brothers on September 15, 2008, the Australian government intervened in its own banking system, both to support domestic depositors and to keep its banking system competitive with those in countries whose regulators had already intervened. On October 12, 2008, the Australian government announced the Financial Claims Scheme (FCS) to insure bank depositors. The deposit guarantee automatically insured depositors at all authorized deposit-taking institutions and covered a range of deposit accounts. As initially announced, the FCS would provide a blanket guarantee to all depositors with no fee for participation. This blanket guarantee, however, prompted a migration …
An International Survey Of Free Banking Periods: Us, California, France, Australia, Switzerland, And Scotland, Frank Doti, David Cassell
An International Survey Of Free Banking Periods: Us, California, France, Australia, Switzerland, And Scotland, Frank Doti, David Cassell
Economics Faculty Articles and Research
This article studies free banking periods worlwide.