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The Cyprus crisis in the mirror: the ‘small deposit tax’ as historical faux-pas

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  • Fischer, Justina A.V.

Abstract

Taxing 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.

Suggested Citation

  • Fischer, Justina A.V., 2013. "The Cyprus crisis in the mirror: the ‘small deposit tax’ as historical faux-pas," MPRA Paper 45652, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:45652
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    File URL: https://mpra.ub.uni-muenchen.de/45652/1/MPRA_paper_45652.pdf
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    References listed on IDEAS

    as
    1. Fischer, Justina A.V., 2012. "Globalization and Political Trust," Papers 285, World Trade Institute.
    2. Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 393-414.
    3. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753.
    Full references (including those not matched with items on IDEAS)

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. What is an ordinary saver?
      by Economic Logician in Economic Logic on 2013-04-19 19:34:00

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    Cited by:

    1. 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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    More about this item

    Keywords

    Eurocrisis; Cyprus; financial markets; banking sector; market power; market failure; Hobbes; Locke; Rawls; social contract; trust; rule of law; social capital; democracy;
    All these keywords.

    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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