Article | Journal of Business | July 1978

On the Cost of Deposit Insurance When There Are Surveillance Costs

by Robert C. Merton

Keywords: Cost; Insurance; Banking Industry;

Citation:

Merton, Robert C. "On the Cost of Deposit Insurance When There Are Surveillance Costs." Journal of Business 51, no. 3 (July 1978): 439–452. (Chapter 20 in Continuous-Time Finance.)