{"title":"O","authors":"J. Wilcox, Donna Tanoue","doi":"10.1002/9781118689585.ch15","DOIUrl":null,"url":null,"abstract":"The FDIC has initiated discussion of reform of deposit insurance and asked for comments and suggestions. Here I propose the Mutual Insurance Model with Incentive Compatibility (MIMIC), a model for deposit insurance that mimics the incentives and practices of a privatesector mutual insurance organization. Although I discuss MIMIC and its benefits and costs to banks in more detail later, here is a preview of its main features:","PeriodicalId":425100,"journal":{"name":"The Herodotus Encyclopedia","volume":"85 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1887-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"O\",\"authors\":\"J. Wilcox, Donna Tanoue\",\"doi\":\"10.1002/9781118689585.ch15\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The FDIC has initiated discussion of reform of deposit insurance and asked for comments and suggestions. Here I propose the Mutual Insurance Model with Incentive Compatibility (MIMIC), a model for deposit insurance that mimics the incentives and practices of a privatesector mutual insurance organization. Although I discuss MIMIC and its benefits and costs to banks in more detail later, here is a preview of its main features:\",\"PeriodicalId\":425100,\"journal\":{\"name\":\"The Herodotus Encyclopedia\",\"volume\":\"85 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1887-12-31\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"The Herodotus Encyclopedia\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1002/9781118689585.ch15\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Herodotus Encyclopedia","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1002/9781118689585.ch15","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The FDIC has initiated discussion of reform of deposit insurance and asked for comments and suggestions. Here I propose the Mutual Insurance Model with Incentive Compatibility (MIMIC), a model for deposit insurance that mimics the incentives and practices of a privatesector mutual insurance organization. Although I discuss MIMIC and its benefits and costs to banks in more detail later, here is a preview of its main features: