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5min chapter
The Bank Regulator Who Was Blocked for Being Right
Lever Time
The Risks of Universal Deposit Insurance
Professor Omerov: The reason why it's possible to turn a dying bank suddenly into the safest bank on the planet is because there is this explicit putting forward of our power, public power to back up private institutions liabilities explicitly put behind this particular bank. He says universal deposit insurance would play up that notion and create new forms of regulatory arbitrage. "I don't know if we can anticipate all those shifts and incentives that will happen once we declare all deposits out there fully and explicitly protected by the public"
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