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- W2913571606 abstract "Since the advent of fractional reserve banking (FRB), banking systems have been subject to runs. In extreme circumstances these runs have led to prolonged periods of economic dislocation such as the Great Depression, which have taken years – sometimes decades – to resolve. Yet despite these pitfalls, FRB is still considered to be the only way to organize the banking system. In this paper I explore the perceived advantages of FRB and suggest ways that these can be achieved without the pitfalls." @default.
- W2913571606 created "2019-02-21" @default.
- W2913571606 creator A5077020430 @default.
- W2913571606 date "2013-01-01" @default.
- W2913571606 modified "2023-09-27" @default.
- W2913571606 title "How to Make a Run-Proof Bank: Achieving Maturity Transformation Without Fractional Reserves" @default.
- W2913571606 doi "https://doi.org/10.2139/ssrn.2237734" @default.
- W2913571606 hasPublicationYear "2013" @default.
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