Bank deposit guarantees

I have been thinking for a long time about a very serious discussion I had with my friend Alex about bank guarantees. There was a lot of arguing going on about whether it is a good thing or a bad thing. I think that we came to the agreement that bank guarantees are good when things are bad, but extremely bad when things are a bit more bad than usual. This is an article outlining the basic concepts of what a bank deposit guarantee is, what it is good and bad for, and also talking about potential alternatives. Read More