But is deposit insurance the best defense against bank panics?

(f) Bank deposits

For starters, the existing treaty cannot be used to create a single European resolution authority, leaving an awkward interface between the ECB and national authorities. Nor can it be used to establish a European deposit protection scheme, which is arguably the most urgent requirement, to stem the outflow of deposits from southern European banks.

Nor can it be used to establish a European deposit protection scheme, which is arguably the most urgent requirement, to stem the outflow of deposits from southern European banks.

Deposit insurance is not even being considered.

This only fed the run on deposits and drained foreign exchange reserves.

So an increase in reserves allows commercial banks to create more of such deposits.

It may be also a security risk if it is a poorly designed one.

Of course, the Germans have reluctantly come to accept the necessity of a banking union that includes common deposit insurance.

Principle of debtor protection

They wanted protection.

The alternative is for government to write down public debt and bank deposits, giving creditors and depositors hair cuts.

The typical bank is capitalized with equity, long term debt, short term debt, and deposits. Investment banks like Bear Stearns and Lehman Brothers got into trouble because they had too little equity capital far less than 10 .

Ignatiev is likely to pursue a transparent and competent monetary policy and introduce deposit insurance.

The typical bank is capitalized with equity, long term debt, short term debt, and deposits.

Protection and assistance measures

Local remedies

Photo via Committee to Protect Journalists.

It's for your protection.

One cannot defend oneself against stupidity.

So called rape shield laws should be used to protect alleged victims.

But there is another, and a more important element to safeguard, which is the rule of law.

He maintained Russia's Central Bank as a bureaucratic and murky monster of 80,000 bureaucrats (America's Fed, by contrast, has only 10,000 employees).

Gerashchenko blocked all bank reforms ranging from restructuring, liberalization and privatization to deposit insurance.

Reforming Employment Protection

Hairdos, no copyright protection.

Jokes, no copyright protection.

Exhaustion of local remedies

The very real need for historical heritage protections

Face blurred to prevent recognition.

She asked the police for protection.

During the global financial crisis, even the safety of bank deposits and government bonds was in doubt for some investors.

Elements for protecting critical information infrastructures

Photo from The Tlachinollan Human Rights Center.

They deserve our protection and support.

Independent journalists have no institutional protection.

He's a member of the Royal Society for the Protection of Birds.

So QE basically consists of an exchange of two low yielding assets long terms bonds and central bank deposits.

Runs by panicked investors have required central banks to undertake unprecedented lender of last resort operations.

This has major implications for trade defense.

This is particularly important in the area of worker protection.

The other one is Is it an idea?

VII. Victims' right to remedies

Overall, there is very little protection for journalists in Afghanistan.

Photo from HK animal post.