# Professor Kim Schoenholtz's blog post on pan-eurozone deposit insurance is highlighted

1 Faculty News September 2, 2015 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/3/d1c0b79a-50ac-11e5-b029-b9d50a74fd14.html) -- "In a thoughtful article earlier this summer, Stephen Cecchetti and [Kermit Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz) argued that a pan-eurozone deposit insurance scheme would be cheaper and more effective than national insurance schemes — much as in the US, the Federal Deposit Insurance Corporation has done a better job than state-run ones. The authors note that the last state-run deposit guarantee schemes in the US failed in 1985."

[Read more](http://www.ft.com/intl/cms/s/3/d1c0b79a-50ac-11e5-b029-b9d50a74fd14.html)