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Das europäische Finanzsystem nach dem Zypernprogramm

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  • Christian Kopf

Abstract

This article analyses the background of the Cypriot banking crisis and discusses the parameters of the multilateral assistance programme that was agreed to in March 2013. It argues that the existing deposit insurance scheme in Cyprus has been circumvented in order to force large bank creditors to pay for the bailout of retail depositors. The result is a high level of uncertainty in European financial markets, which can only be overcome by a rapid completion of a banking union. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Suggested Citation

  • Christian Kopf, 2013. "Das europäische Finanzsystem nach dem Zypernprogramm," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 93(4), pages 233-237, April.
  • Handle: RePEc:spr:wirtsc:v:93:y:2013:i:4:p:233-237
    DOI: 10.1007/s10273-013-1514-4
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    More about this item

    Keywords

    G01; G21; G38;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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