Deposit insurance after Iceland and Cyprus

Sibert, Anne (2013) Deposit insurance after Iceland and Cyprus. Vox ,

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Official URL: http://www.voxeu.org/article/deposit-insurance-aft...

Abstract

Depositors in Eurozone banks are facing a steep learning curve on just exactly what deposit insurance means. This column points out that the precedents set in Cyprus and Iceland show that deposit insurance is only a legal commitment for small bank failures. In systemic crises, these are more political than legal commitments, so the solvency of the insuring government matters. A Eurozone-wide deposit-insurance scheme would change this.

Metadata

Item Type:	Article
School:	Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
Depositing User:	Sarah Hall
Date Deposited:	29 Apr 2014 10:15
Last Modified:	02 Aug 2023 17:10
URI:	https://eprints.bbk.ac.uk/id/eprint/9636

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