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The Case for Depositor Preference 12/30/2020 | 11:47am EDT Send by mail : Message : Marc Dobler, Ender Emre, Alessandro Gullo and Deeksha Kale Monetary and Capital Markets and Legal Departments ©International Monetary Fund. Not for Redistribution INTERNATIONAL MONETARY FUND The Case for Depositor Preference Prepared by Marc Dobler, Ender Emre, Alessandro Gullo, and Deeksha Kale Authorized for distribution by Tobias Adrian and Rhoda Weeks-Brown September 2020 DISCLAIMER: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this paper are those of the authors and do not necessarily represent the views of the IMF, its Executive Board,

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