Friday, September 22, 2006

Another Reason for HK's Decline

HK's deposit insurance scheme will be launched next week, read more here.

Do we need such a scheme now? No.

Reason for your opposition? According to a new World Bank study, cross-country empirical research and individual-country experience confirm that, for at least the time being, officials in many countries would do well to delay the installation of a deposit insurance system. Here is the paper.

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