This event is particularly important for us because it is being hosted as a part of the Platinum Jubilee celebrations of the Reserve Bank of India (RBI). Evolution of deposit insurance 2. Deposit insurance has historically been a reassuringly stabilizing force in a financial system notoriously susceptible to instability.
*  *  *  The thoughts that follow are my own, and are not necessarily shared by my colleagues on the Federal Open Market Committee. I am grateful to Tim Clark, Andreas Lehnert, Nellie Liang, Ben McDonough, and Lisa Ryu for their input. Thank you.