Simons versus Fisher

Simons contre Fisher

Jonas Grangeray ()
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Jonas Grangeray: Université Sorbonne Paris Nord, ACT - Analyse des Crises et Transitions - LABEX ICCA - UP13 - Université Paris 13 - Université Sorbonne Nouvelle - Paris 3 - CNRS - Centre National de la Recherche Scientifique - UPCité - Université Paris Cité - Université Sorbonne Paris Nord - Université Sorbonne Paris Nord

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Abstract: During the Great Depression, the 100% reserve banking proposal was put forward by several leading economists, including Henry Simons and Irving Fisher. The central idea of 100% reserve is to make money exogenous, under the control of the State. This article demonstrate, by comparing his writings with those of Fisher, that Simons understood the fundamental limit to 100% reserves: money is and will remain endogenous even after the reform.

Keywords: Henry Simons; Irving Fisher; 100% réserves; Système bancaire à réserves fractionnaires; Monnaie exogène; Monnaie endogène; Quasi-monnaie; Vélocité de la monnaie; 100% reserve banking; Fractional-reserve banking; Exogenous money; Endogenous money; Near money; Velocity of money (search for similar items in EconPapers)
Date: 2024-07-12
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Published in Revue d'histoire de la pensée économique, 2024, 2024-1 (17), pp.111-157. ⟨10.48611/isbn.978-2-406-17116-4.p.0111⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05000568

DOI: 10.48611/isbn.978-2-406-17116-4.p.0111

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