Resources

Web resources, both pro and anti full reserves

New resources.

Monetary Reform – a Better Monetary System For Iceland Frosti Sigurjonsson. Commissioned by the prime minister of Iceland. A critique of full reserve banking. Sheila Dow, Guðrún Johnsen and Alberto Montagnoli Two flaws in fractional reserve banking. (pdf download)  Ralph Musgrave. Ann Pettifor’s incompetent criticisms of Positive Money and Martin Wolf.  Ralph Musgrave.

This section below contains articles which appeared as a direct response to Martin Wolf’s declared support for full reserves.

Why I disagree with Martin Wolf and Positive Money Ann Pettifor A reply to Ann Pettifor: Why there will be no “shortage of money” Positive Money Is A Banking Ban The Answer? Paul Krugman A Response to Paul Krugman on “Is Banning Banking the Answer?” Positive Money Conservative Economist Wants To Basically Ban Banking Mark Gongloff, Huffington Post Toward a run free financial system John H Cochrane Stopping Bank Crises Before They Start John H Cochrane The Best Way to Save Banking Is to Kill It Matthew Klein BAN ALL THE BANKS: Here’s The Wild Idea That People Are Starting To Take Seriously Comments on Martin Wolf’s banking article Warren Mosler Prominent Economists Call for End to Fractional Reserve Banking Zero Hedge – (good links) Money creation is too vital to be left to the state Philip Booth, Institute for Economic Affairs Response to Philip Booth by Positive Money Bankers have done a good job of creating money Jeramy Warner, Telegraph Neither profit-seeking bankers nor vote-seeking politicians can be trusted with the power to create money reply to Jeramy Warner Prohibition didn’t work for liquor — so why ban banking? John Aziz, The Week Is full-reserve banking really that hard to understand? (A reply to John Aziz)

Older resources…

100% Money Irving Fisher The Chicago Plan Revisited IMF paper extolling the virtues of full reserve banking Sovereign Money.eu by Joseph Huber Laurence Kotlikoff: Interview on “Limited Purpose Banking” Laurence Kotlikoff and Limited purpose banking The Two Step Plan to National Economic Reform and Recovery Discussion of full reserve banking on the openEconomy website Sylvia Rowley Narrow Banking FAQ John Kay 100% Reserve vs. Fractional Reserve Banking EconomicsJunkie.com 100% Reserves Now Mises.org Austrian Theory of the Business Cycle – Resources According to “Austrian school” economic theory, full reserve banking helps break the damaging business cycle mechanism. Narrow Banking Wikipedia Money, Bank Credit, and Economic cycles J. H. de Soto (See page 98 for description of the Bank of Amsterdam) The Case for a 100 Percent Gold Dollar Murray N. Rothbard A short video featuring Herman Daly former Senior Economist at the World Bank Money and the Steady State Economy Herman Daly Full Reserve Banking on Wikipedia At the time of writing the wikipedia entry is rather poor quality. Just as one example, the article still gives credence to the idea that in a full reserve system it may be impossible for banks to act as financial intermediaries. As we have already seen in the definition page, this is simply nonsense. Video: Simon Dixon asks Sven Giegold MEP about full reserve banking Video: An interview with Steve Keen. Steve thinks that full reserve banking is not enough on its own to stabilise an economy. FractionalReserves.com Fractional Reserve Banking: The definitive guide. Irving Fisher and the 100 Percent Reserve Proposal W. R. Allen The “Chicago Plan” and New Deal Banking Reform Ronnie J. Phillips. Narrow Banking Reconsidered Ronnie J. Phillips. Solving Our Nation’s Financial Crisis with Limited Purpose Banking L. J. Kotlikoff and J. C. Goodman A Theoretical Analysis of Narrow Banking Proposals S Kobayakawa On the Liquidation of Government Debt under A Debt-Free Money System Kaoru Yamaguchi Should Banks Be Narrowed? Biagio Bossone Accounting for Fractional-Reserve Banknotes and Deposits – or, What’s Twenty Quid to the Bloody Midland Bank? Lawrence H. White Banking Theory, Deposit Insurance, and Bank Regulation Douglas W. Diamond, Philip H. Dybvig Narrow banking is not the answer to systemic fragility Charles Goodhart Why narrow banking alone is not the finance solution Martin Wolf – (free registration required to view)