Forty Defective Criticisms of Full Reserve Banking

Ralph S. Musgrave
Additional contact information
Ralph S. Musgrave: Durham, UK.

Journal of Economics Library, 2016, vol. 3, issue 3, 488-507

Abstract: The basics of full reserve banking (FR) are set out below, followed by forty defective criticisms of FR. Each of those forty sections has: 1. A heading. 2. Where the heading does not adequately capture the nature of the criticism, there is a paragraph below the heading starting “I.e…”, which expands on the heading. 3. There are references to one or more economists who have put the relevant criticism. 4. The answer to each criticism which starts with a paragraph beginning with the word “Answer.” And finally, this work is an updated version of Musgrave (2014). About 90% of the content of this and the latter work are the same. Abbreviations used are thus. CB refers to “Central bank” and PB refers to private bank. The term “commercial bank” would be more accurate than private bank since a commercial bank can perfectly well be publically owned. But the words central and commercial unfortunately both begin with “c”. Thus the term “private bank” is arguably better. The word bank on its own refers to a PB.

Keywords: Full reserve banking; Fractional reserve banking (search for similar items in EconPapers)
JEL-codes: E58 G01 G21 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.kspjournals.org/index.php/JEL/article/download/923/1003 (application/pdf)
http://www.kspjournals.org/index.php/JEL/article/view/923 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ksp:journ5:v:3:y:2016:i:3:p:488-507

Access Statistics for this article

Journal of Economics Library is currently edited by Bilal KARGI

More articles in Journal of Economics Library from KSP Journals Istanbul, Turkey.
Bibliographic data for series maintained by Bilal KARGI ( this e-mail address is bad, please contact ).