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This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. We extend our earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banksâ?? assets and liabilities, including during the recent global financial crisis. We also create a Safety Net Index capturing the generosity of the deposit insurance scheme and government guarantees on banksâ?? balance sheets. The data show that deposit insurance has become more widespread and more extensive in coverage since the global financial crisis, which

Recommended readings (Machine generated): Vol I: 1. Jeremy Greenwood and Boyan Jovanovic (1990), 'Financial Development, Growth, and the Distribution of Income', Journal of Political Economy, 98 (5), October, 1076-107 -- 2. Valerie R. Bencivenga and Bruce D. Smith (1991), 'Financial Intermediation and Endogenous Growth', Review of Economic Studies, 58 (2), April, 195-209 -- 3. Robert G. King and Ross Levine (1993), 'Finance, Entrepreneurship and Growth', Journal of Monetary Economics, 32 (3), December, 513-42 -- 4. Oded Galor and Joseph Zeira (1993), 'Income Distribution and Macroeconomics', Review of Economic Studies, 60 (1), January, 35-52 -- 5. Philippe Aghion, Peter Howitt and David Mayer-Foulkes (2005), 'The Effect of Financial Development on Convergence: Theory and Evidence', Quarterly Journal of Economics, 120 (1), February, 173-222 -- 6. Daron Acemoglu and Fabrizio Zilibotti (1997), 'Was Prometheus Unbound By Chance? Risk, Diversification, and Growth', Journal of Political Economy, 105 (4), August, 709-51 -- 7. Robert M. Townsend and Kenichi Ueda (2006), 'Financial Deepening, Inequality and Growth: A Model-Based Quantitative Evaluation', Review of Economic Studies, 73 (1), January, 251-93 -- 8. Francisco J. Buera, Joseph P. Kaboski and Yonseok Shin (2011), 'Finance and Development: A Tale of Two Sectors', American Economic Review, 101 (5), August, 1964-2002 -- 9. Francisco J. Buera and Yonseok Shin (2013), 'Financial Frictions and the Persistence of History: A Quantitative Exploration', Journal of Political Economy, 121 (2), April, 221-72 -- 10. Robert G. King and Ross Levine (1993), 'Finance and Growth: Schumpeter Might Be Right', Quarterly Journal of Economics, 108 (3), August, 717-37 -- 11. Ross Levine and Sara Zervos (1998), 'Stock Markets, Banks, and Economic Growth', American Economic Review, 88 (3), June, 537-58 -- 12. Raghuram G. Rajan and Luigi Zingales (1998), 'Financial Dependence and Growth', American Economic Review, 88 (3), June, 559-86 -- 13. Asli Demirgüç-Kunt and Vojislav Maksimovic (1998), 'Law, Finance, and Firm Growth', Journal of Finance, 53 (6), December, 2107-37 -- 14. Jith Jayaratne and Philip E. Strahan (1996), 'The Finance-Growth Nexus: Evidence from Bank Branch Deregulation', Quarterly Journal of Economics, 111 (3), August, 639-70 -- 15. Jeffrey Wurgler (2000), 'Financial Markets and the Allocation of Capital', Journal of Financial Economics, Special Issue on International Corporate Governance, 58 (1-2), 187-214 -- 16. Thorsten Beck, Ross Levine and Norman Loayza (2000), 'Finance and the Sources of Growth', Journal of Financial Economics, Special Issue on International Corporate Governance, 58 (1-2), 261-300 -- 17. Stijin Claessens and Luc Laeven (2003), 'Financial Development, Property Rights, and Growth', Journal of Finance, 58 (6), December, 2401-36 -- 18. Sandra E. Black and Phillip E. Strahan (2002), 'Entrepreneurship and Bank Credit Availability', Journal of Finance, LVII (6), December, 2807-833 -- 19. Philip Arestis, Panicos O. Demetriades and Kul B. Luintel (2001), 'Financial Development and Economic Growth: The Role of Stock Markets', Journal of Money, Credit and Banking, 33 (1), February, 16-41

This paper develops an indicator that measures the level of human capital to address the specific education and health challenges faced by middle income countries. We apply this indicator to countries in Europe and Central Asia, where productive employment requires skills that are more prevalent among higher education graduates, and where good health is associated to low levels of adult health risk factors. The Europe and Central Asia Human Capital Index (ECA-HCI) extends the World Bank's Human Capital Index by adding a measure of quality-adjusted years of higher education to the original education component, and it includes the prevalence of three adult health risk factors - obesity, smoking, and heavy drinking - as an additional proxy for latent health status. The results show that children born today in the average country in Europe and Central Asia will be almost half as productive as they would have had they reached the benchmark of complete education and full health. Countries with good basic education outcomes do not necessarily have good higher education outcomes, and high prevalence of adult health risk factors can offset good education indicators. This extension of the Human Capital Index could also be useful for assessing the state of human capital in middle-income countries in general.