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NZ small depositors won’t be forced to take a haircut if banks fail

Visiting economics professor believe New Zealand authorities will allow small depositors to suffer losses if a bank fails.

Jenny Ruth
Wed, 16 Nov 2016

Whatever the Reserve Bank says about not bailing out banks which get into financial difficulty, the authorities are unlikely to allow small depositors to suffer losses, says a visiting economics professor at Stanford University in California.

“You may not have explicit deposit insurance but the

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Jenny Ruth
Wed, 16 Nov 2016
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NZ small depositors won’t be forced to take a haircut if banks fail
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