The Cyprus crisis in the mirror: the ‘small deposit tax’ as historical faux-pas
AbstractTaxing small deposits used to be a taboo in European politics – but why? This contribution re-assesses the protection of small deposits from an angle that has not received much attention in the current debate: the politico-philosophical, ordo-liberal, and social-political perspectives, arguing that protection of the ordinary saver is a fundament of our civil societies.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 45652.
Date of creation: 28 Mar 2013
Date of revision:
Eurocrisis; Cyprus; financial markets; banking sector; market power; market failure; Hobbes; Locke; Rawls; social contract; trust; rule of law; social capital; democracy;
Find related papers by JEL classification:
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
- F68 - International Economics - - Economic Impacts of Globalization - - - Policy
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- Z1 - Other Special Topics - - Cultural Economics
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- Fischer, Justina A.V., 2012.
"Globalization and Political Trust,"
36327, University Library of Munich, Germany.
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- Fischer, Justina A.V., 2013.
"Der Euro – ein Projekt ohne Zukunft? Ein Plädoyer für europäische Solidarität und Toleranz
[The Euro - a Project without Future? Calling for European Solidarity and Tolerance]," MPRA Paper 46944, University Library of Munich, Germany.
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