Download This PaperMoney and Banking Redux: Review of The Money Problem: Rethinking Financial Regulation
Canadian Business Law Journal 60(2): 296-308, 2017
13 Pages Posted: 2 Jul 2018
Date Written: December 2017
Abstract
"The Money Problem" highlights the role of non-insured, defaultable money equivalents as being at the root of financial panics. It suggests reforms that would establish a banking system similar to today’s fractional reserve banking model, but panic-proofed and with much less regulation than is currently on the books and in the works.
Keywords: money and banking, fractional reserve banking, banking crises, financial panics, near money
JEL Classification: G01, G21, G28
Suggested Citation: Suggested Citation
Ciuriak, Dan, Money and Banking Redux: Review of The Money Problem: Rethinking Financial Regulation (December 2017). Canadian Business Law Journal 60(2): 296-308, 2017, Available at SSRN: https://ssrn.com/abstract=3201801
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