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412 B
Markdown
7 lines
412 B
Markdown
# Deposit Insurance
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Insurance a bank holds against its [deposit](deposit.md) to protect depositors from losses by insolvent banks. Instead of being mutualized deposits are backed by a [central banks](central-banks.md).
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See also [bank run](bank-run.md) and [mutualization](mutualization.md).
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## References
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1. Roche, Cullen O. 2011. ‘Understanding the Modern Monetary System’. http://ssrn.com/paper=1905625. |