Saturday, March 30, 2013

Trying to control bank runs





When Argentina froze access to bank deposits in December 2001, the popular backlash was so severe, its president and his successor resigned within a month.


Cyprus, where banks reopened on Thursday after being closed for nearly two weeks, has imposed restrictions on capital flows - the first euro-zone country to do so since the introduction of the single currency - to limit panic withdrawals.









via Business feed http://www.scmp.com/business/economy/article/1202817/trying-control-bank-runs

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