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

Fischer, Justina A.V. (2013): The Cyprus crisis in the mirror: the ‘small deposit tax’ as historical faux-pas.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Eurocrisis; Cyprus; financial markets; banking sector; market power; market failure; Hobbes; Locke; Rawls; social contract; trust; rule of law; social capital; democracy
• Subjects: F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F42 - International Policy Coordination and Transmission; F - International Economics > F6 - Economic Impacts of Globalization > F68 - Policy; G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation; Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology

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Fischer, J.A.V. (2013), Warum es falsch ist, den Kleinsparer zur Kasse zu bitten, published on 19th March 2013 on www.oekonomenstimme.org, link: http://www.oekonomenstimme.org/artikel/2013/03/zypern-warum-es-falsch-ist-den-kleinsparer-zur-kasse-zu-bitten/

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