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But once the banks had opened for business, it became clear that the measures had restored some degree of calm, after the panicky behaviour of depositors at the end of last week.It is true that many people in Argentina still rely heavily on cash; and many remember when bank accounts were frozen in the 1980s, with deposits subsequently converted into bonds, whose value fell sharply.
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This could drastically reduce the demand for sight deposits without changing the behavior of depositors.
First, they put fear into the hearts of depositors.
You can't have one class of depositors who are 100percentt protected and another class of depositors who face risk".
Barclays is one of Britain's largest retail banks, with millions of depositors.
"I would say that the bail-in of depositors is a grossly exaggerated possibility," he said.
But with Cyprus, the treatment of depositors show that the haircut is back with a vengeance.
The IMF publishes a financial access survey of depositors and borrowers.
It places the interests of depositors ahead of equity and bondholders.
To date, no one has been arrested over the disappearance of $900m of depositors' money.
We dispense with the notion of a bank as a coalition of depositors.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com