caa a22 4500 465802850 CHVBK 20180323112057.0 cr unu---uuuuu 170327e19900701xx s 000 0 eng 10.1007/BF00352566 doi (NATIONALLICENCE)springer-10.1007/BF00352566 Policies to change the priority of claimants: The case of depositor preference laws [Elektronische Daten] [Eric Hirschhorn, David Zervos] Depositor preference laws have been proposed to reduce the cost of bank failures to the deposit insurance agencies. This article shows how depositor preference rules change the payoff functions for bank creditors, including the deposit insurer, depositors, and nondepositor claimants. The adoption of depositor preference laws would appear to make nondepositors worse off, but they can improve their standing by collateralizing their claims. If a large enough proportion of nondepositor claims becomes collateralized, depositor preference could increase the cost of bank failure to the deposit insurance agency. Empirical analysis indicates that depositor preference will induce a substantial increase in collateralization, eliminating a significant share of the savings envisioned for the deposit insurer. Depositor preference will also reduce interest rates on uninsured deposits. Kluwer Academic Publishers, 1990 Hirschhorn Eric Industry Analysis and Research Division, Office of the Chief Economist, Office of Thrift Supervision, Department of the Treasury, 1700 G Street, 20552, Washington, DC, USA aut Zervos David Department of Economics, University of Rochester, 14627, Rochester, NY, USA aut Journal of Financial Services Research Kluwer Academic Publishers 4/2(1990-07-01), 111-125 0920-8550 4:2<111 1990 4 10693 https://doi.org/10.1007/BF00352566 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00352566 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Hirschhorn Eric Industry Analysis and Research Division, Office of the Chief Economist, Office of Thrift Supervision, Department of the Treasury, 1700 G Street, 20552, Washington, DC, USA aut NATIONALLICENCE 700 1- Zervos David Department of Economics, University of Rochester, 14627, Rochester, NY, USA aut NATIONALLICENCE 773 0- Journal of Financial Services Research Kluwer Academic Publishers 4/2(1990-07-01), 111-125 0920-8550 4:2<111 1990 4 10693 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer