Proposals for Full-Reserve Banking: A Historical Survey from David Ricardo to Martin Wolf

Economic Thought 4 (2), 1-19, 2015

Posted: 9 Nov 2017

See all articles by Patrizio Lainà

Patrizio Lainà

University of Helsinki, Faculty of Social Sciences, Department of Political and Economic Studies

Date Written: 2015

Abstract

Full-reserve banking, which prohibits private money creation, has not been implemented since the 19th century. Thereafter, bank deposits became the dominant means of payment and have retained their position until today. The specific contribution of this paper is to provide a comprehensive outlook on the historical and contemporary proposals for full-reserve banking. The proposals for full-reserve banking have become particularly popular after serious financial crises.

Keywords: full-reserve banking, monetary reform, sovereign money, Chicago Plan, history

Suggested Citation

Lainà, Patrizio, Proposals for Full-Reserve Banking: A Historical Survey from David Ricardo to Martin Wolf (2015). Economic Thought 4 (2), 1-19, 2015, Available at SSRN: https://ssrn.com/abstract=2719438

Patrizio Lainà (Contact Author)

University of Helsinki, Faculty of Social Sciences, Department of Political and Economic Studies ( email )

Helsinki
Finland
+358 9 1912 4883 (Phone)

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