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YV's FT coins are pretty different from the proposals for tax anticipation notes we had so far. First their face value is greater than 1 when held for a certain time and used to extinguish tax liabilities. Secondly they can be exchanged to at will. Finally he envisioned people buying them on their own initiative.
On the face of it I don't really see the upside here. Since the Greece has only limited hard Euro funding there is some risk here of a bank run. Then there is the distributional effect of and opportunity cost for what amounts to a tax break for people with savings.
Still, it's a year old, not a complete proposal and he wasn't a minister at the time.
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