Matches in SemOpenAlex for { <https://semopenalex.org/work/W1555655677> ?p ?o ?g. }
Showing items 1 to 94 of
94
with 100 items per page.
- W1555655677 abstract "Proposals for full reserve banking have been put forward as a radical way of preventing further financial crises. They rest on the argument that crises are caused by excessive money supply growth brought about by inadequately controlled bank credit creation. Our aim is to provide a critique of the theoretical assumptions underlying the plans for full reserve banking. In particular some of the plans rely on the view that the money supply is a key causal variable and that it is feasible for central banks to identify and enforce an optimal quantity. Second, the plans all rely on an unsupported confidence in the efficiency of financial markets outside the centrally controlled banking system. Third, by removing profit-making opportunities from banks, the proposals may unduly tip the balance further in favour of shadow banking. Finally, as the case of 95% liquidity requirements on Kaupthing, Singer and Friedlander in the wake of the Great Financial Crash shows that modern financial engineering makes such policy-making difficult to execute. A Minskyan analysis rather emphasises the inherent instability of the financial system such that it is subject to systemic crises and the indeterminacy of demand for liquidity, while also emphasising the contribution prudent banking can make to financing economic activity and providing a safe money asset. While a return to a traditional separation of retail banking (regulated and supported by the central bank) from investment banking (regulated differently but not supported) would contribute to financial stability, it is argued that the full reserve banking proposals go too far." @default.
- W1555655677 created "2016-06-24" @default.
- W1555655677 creator A5010552996 @default.
- W1555655677 creator A5050884778 @default.
- W1555655677 creator A5072624753 @default.
- W1555655677 date "2015-03-01" @default.
- W1555655677 modified "2023-09-27" @default.
- W1555655677 title "A critique of full reserve banking" @default.
- W1555655677 cites W1552930036 @default.
- W1555655677 cites W1763510662 @default.
- W1555655677 cites W1951015395 @default.
- W1555655677 cites W1966856239 @default.
- W1555655677 cites W1991865067 @default.
- W1555655677 cites W2097593397 @default.
- W1555655677 cites W2125597106 @default.
- W1555655677 cites W2129100311 @default.
- W1555655677 cites W2133469585 @default.
- W1555655677 cites W2144689565 @default.
- W1555655677 cites W2157323155 @default.
- W1555655677 cites W2169538695 @default.
- W1555655677 cites W2171920856 @default.
- W1555655677 cites W2313524629 @default.
- W1555655677 cites W3023600347 @default.
- W1555655677 cites W3121142068 @default.
- W1555655677 cites W3121376287 @default.
- W1555655677 cites W596944550 @default.
- W1555655677 cites W625219564 @default.
- W1555655677 hasPublicationYear "2015" @default.
- W1555655677 type Work @default.
- W1555655677 sameAs 1555655677 @default.
- W1555655677 citedByCount "0" @default.
- W1555655677 crossrefType "posted-content" @default.
- W1555655677 hasAuthorship W1555655677A5010552996 @default.
- W1555655677 hasAuthorship W1555655677A5050884778 @default.
- W1555655677 hasAuthorship W1555655677A5072624753 @default.
- W1555655677 hasConcept C10138342 @default.
- W1555655677 hasConcept C119599318 @default.
- W1555655677 hasConcept C126285488 @default.
- W1555655677 hasConcept C144133560 @default.
- W1555655677 hasConcept C150149615 @default.
- W1555655677 hasConcept C156152238 @default.
- W1555655677 hasConcept C162324750 @default.
- W1555655677 hasConcept C183206440 @default.
- W1555655677 hasConcept C183582576 @default.
- W1555655677 hasConcept C2776736093 @default.
- W1555655677 hasConcept C2779465119 @default.
- W1555655677 hasConcept C2781151444 @default.
- W1555655677 hasConcept C2992735868 @default.
- W1555655677 hasConcept C556758197 @default.
- W1555655677 hasConcept C65146658 @default.
- W1555655677 hasConcept C73283319 @default.
- W1555655677 hasConceptScore W1555655677C10138342 @default.
- W1555655677 hasConceptScore W1555655677C119599318 @default.
- W1555655677 hasConceptScore W1555655677C126285488 @default.
- W1555655677 hasConceptScore W1555655677C144133560 @default.
- W1555655677 hasConceptScore W1555655677C150149615 @default.
- W1555655677 hasConceptScore W1555655677C156152238 @default.
- W1555655677 hasConceptScore W1555655677C162324750 @default.
- W1555655677 hasConceptScore W1555655677C183206440 @default.
- W1555655677 hasConceptScore W1555655677C183582576 @default.
- W1555655677 hasConceptScore W1555655677C2776736093 @default.
- W1555655677 hasConceptScore W1555655677C2779465119 @default.
- W1555655677 hasConceptScore W1555655677C2781151444 @default.
- W1555655677 hasConceptScore W1555655677C2992735868 @default.
- W1555655677 hasConceptScore W1555655677C556758197 @default.
- W1555655677 hasConceptScore W1555655677C65146658 @default.
- W1555655677 hasConceptScore W1555655677C73283319 @default.
- W1555655677 hasLocation W15556556771 @default.
- W1555655677 hasOpenAccess W1555655677 @default.
- W1555655677 hasPrimaryLocation W15556556771 @default.
- W1555655677 hasRelatedWork W1543855684 @default.
- W1555655677 hasRelatedWork W1578277261 @default.
- W1555655677 hasRelatedWork W1582345980 @default.
- W1555655677 hasRelatedWork W1983977867 @default.
- W1555655677 hasRelatedWork W2006739147 @default.
- W1555655677 hasRelatedWork W2084210473 @default.
- W1555655677 hasRelatedWork W2100143578 @default.
- W1555655677 hasRelatedWork W2120326100 @default.
- W1555655677 hasRelatedWork W2133049281 @default.
- W1555655677 hasRelatedWork W2278566049 @default.
- W1555655677 hasRelatedWork W2369353476 @default.
- W1555655677 hasRelatedWork W2417330797 @default.
- W1555655677 hasRelatedWork W2794608139 @default.
- W1555655677 hasRelatedWork W2982666369 @default.
- W1555655677 hasRelatedWork W2992593377 @default.
- W1555655677 hasRelatedWork W3121585910 @default.
- W1555655677 hasRelatedWork W3121654455 @default.
- W1555655677 hasRelatedWork W3122905898 @default.
- W1555655677 hasRelatedWork W3125101098 @default.
- W1555655677 hasRelatedWork W3125317357 @default.
- W1555655677 isParatext "false" @default.
- W1555655677 isRetracted "false" @default.
- W1555655677 magId "1555655677" @default.
- W1555655677 workType "article" @default.