Record Details

THE UNIVERSAL INFORMATION TECHNOLOGY MODEL FOR DEPOSIT INSURANCE PAYOUTS

Ekonomika

View Archive Info
 
 
Field Value
 
Title THE UNIVERSAL INFORMATION TECHNOLOGY MODEL FOR DEPOSIT INSURANCE PAYOUTS
 
Creator Žilinskas, Raimundas
Skyrius, Rimvydas
 
Description Abstract. The basic function of all deposit insurance schemes is to pay deposit insurance payouts to depositors promptly for the losses they otherwise would suffer in the event of an insured financial institution’s closure. As a result, depositors are relieved of both the recovery-rate and time risks of a liquidation process up to the insured level of their deposits. Deposit insurance payouts – including the speed and convenience – vary across countries and can affect public confidence in the deposit insurance scheme. Information technology support in the payout process is essential. However, one of the major problems in the insurance payout process is the lack of the proper information technology. This paper addresses the factors related to the payout process, discusses the advantages and disadvantages of various approaches, and makes recommendations on the establishment of a universal information technology model for a deposit insurer to accomplish the procedures of insurance payouts.Key words: deposit insurance, deposit insurance payouts, information technology support
 
Publisher Vilniaus universiteto Ekonomikos fakultetas / Vilnius University Faculty of Economics
 
Date 2014-01-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.zurnalai.vu.lt/ekonomika/article/view/3541
10.15388/Ekon.2014.2.3541
 
Source Ekonomika; Ekonomika 2014 93(2)
1392-1258
1392-1258
 
Language lit
 
Relation http://www.zurnalai.vu.lt/ekonomika/article/view/3541/2556
 
Rights Autorinės teisės (c) 2014 Ekonomika