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 |
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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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