1. Since cheques are used primarily for transfer of funds, these are also called ‘checking accounts’ in some countries.
3. For a complete list of countries with deposit insurance schemes and more information on schemes, visit www.iadi.org. World Bank has also published a comprehensive database on explicit deposit insurance schemes available around the world, which can be accessed at http://go.worldbank.org/KXEZESCGJ0.
4. Sebastian Schich, “Financial Turbulence: Some Lessons Regarding Deposit Insurance”, Financial Market Trends, ISSN-0378-651X, OECD (2008).
6. Simply stated, ‘bank ...