Protecting depositors and promoting financial stability in South Africa

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dc.contributor.advisoren_US
dc.contributor.advisoren_US
dc.contributor.authorNgaujake, Uahatjirien_US
dc.date.accessioned2014-02-07T14:07:51Z
dc.date.available2014-02-07T14:07:51Z
dc.date.issued2003en_US
dc.descriptionIncludes bibliographical referencesen_US
dc.description.abstracten_US
dc.description.abstractBank failures are a worldwide phenomenon and South Africa is no exception as evidenced by historical and recent bank failures in South Africa. This thesis investigates the desirability of introducing an explicit deposit insurance scheme in South Africa as a means of protecting small, unsophisticated depositors who are almost always the losers when banks fail, and promoting financial stability. The study finds that bank failures in South Africa are mainly attributable to mismanagement of banks, liquidity problems and fraud. Bank failures as a result of the aforementioned reasons have led to depositors losing their deposits in South Africa. The absence of a clearly defined depositor protection scheme in South Africa, the inadequacy of the hitherto implicit guarantee system to protect depositors, and the poor record of the South African Reserve Bank in bank failure resolution, form the basis of the conclusion of the study, i. e., there is a case for the introduction of deposit insurance in South Africa. In order to assist South African policymakers in designing an effective deposit insurance scheme for the country, the thesis further provides a guide on how the most important design features of deposit insurance should be handled. This is in an attempt to ensure that the moral hazard problem inherent in deposit insurance is overcomeen_US
dc.description.degreeGrahamstownen_US
dc.description.degreeSouth Africaen_US
dc.description.degreeRhodes Universityen_US
dc.description.degreeMasters of Commerce (Financial Markets)en_US
dc.format.extent140 pen_US
dc.identifier.urihttp://hdl.handle.net/11070/270
dc.language.isoengen_US
dc.masterFileNumber2614en_US
dc.subjectFinancial marketsen_US
dc.subjectInsuranceen_US
dc.titleProtecting depositors and promoting financial stability in South Africaen_US
dc.typeThesisen_US
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