Large banks relative to GDP: is there a risk beyond Cyprus?
Darvas, Zsolt. Are other EU countries with large bank balance sheet relative to GDP also running a risk similar to Cyprus? The answer is no. The major reason for the banking troubles in Cyprus is the massive losses that the two biggest banks have suffered. Πηγή: Bruegel πλήρες κείμενο
The capital controls in Cyprus and the Icelandic experience
Danielsson, Jon. Cyprus has imposed temporary capital controls. This column sheds light on how temporary and how damaging they are likely to be, based on Iceland’s experience. The longer controls exist, the harder they are to abolish. Icelandic capital controls, which have been ‘temporary’ for half a decade, deeply damage the economy by discouraging investment. […]