The plan to impose a tax on bank deposits to help pay for the bailout of Cypriot banks was "absurd, " says Philip Dybvig, one of the world's leading economic experts on banks and financial crisis.

银行和金融危机领域世界领先的专家菲利普•迪威格表示，对银行存款征税以帮助支付塞浦路斯银行救助计划的想法“荒唐透顶”。

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As the famous theory of Diamond and Dybvig explained, institutions that have long-maturity assets with uncertain returns and short-maturity liabilities that are intended to be risk-free are innately subject to devastating runs.

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