Why did bank failures increase, with a lag, after deposit insurance became available to banks? What else contributed to the increase in bank failures in the 1980s?

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter12: Money And The Banking System
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Why did bank failures increase, with a lag, after deposit insurance became available to banks? What else contributed to the increase in bank failures in the 1980s?  

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