Article | Journal of Banking & Finance | June 1977

An Analytic Derivation of the Cost of Deposit Insurance and Loan Guarantees : An Application of Modern Option Pricing Theory

by Robert C. Merton

Keywords: Cost; Insurance; Financing and Loans; Price; Theory;

Citation:

Merton, Robert C. "An Analytic Derivation of the Cost of Deposit Insurance and Loan Guarantees : An Application of Modern Option Pricing Theory." Journal of Banking & Finance 1 (June 1977): 3–11.