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A Commentary on Patrizio Lainà's 'Proposals for Full-Reserve Banking: A Historical Survey from David Ricardo to Martin Wolf'

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  • Charles A. E. Goodhart

    (Financial Markets Group, London School of Economics, and Department of Economics, University of Copenhagen)

  • Meinhard A. Jensen

    (Financial Markets Group, London School of Economics, and Department of Economics, University of Copenhagen)

Abstract

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  • Charles A. E. Goodhart & Meinhard A. Jensen, 2015. "A Commentary on Patrizio LainaÌ€'s 'Proposals for Full-Reserve Banking: A Historical Survey from David Ricardo to Martin Wolf'," Economic Thought, World Economics Association, vol. 4(2), pages 1-20, September.
    • Handle: RePEc:wea:econth:v:4:y:2015:i:2:p:20
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    File URL: http://et.worldeconomicsassociation.org/files/WEA-ET-4-2-GoodhartJensen.pdf
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    References listed on IDEAS

    as
    1. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015. "Betting the house," Journal of International Economics, Elsevier, vol. 96(S1), pages 2-18.
    2. repec:ucp:bkecon:9780226519999 is not listed on IDEAS
    3. Basil J. Moore, 1988. "The Endogenous Money Supply," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(3), pages 372-385, March.
    4. Roberts, Richard, 2013. "Saving the City: The Great Financial Crisis of 1914," OUP Catalogue, Oxford University Press, number 9780199646548.
    5. Jan Toporowski, 2005. "Theories of Financial Disturbance," Books, Edward Elgar Publishing, number 3179.
    6. Goodhart, C A E, 1987. "Why Do Banks Need a Central Bank?," Oxford Economic Papers, Oxford University Press, vol. 39(1), pages 75-89, March.
    7. Basil J. Moore, 1981. "Is the Money Stock Really a Control Variable?," Challenge, Taylor & Francis Journals, vol. 24(3), pages 43-46, July.
    8. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "The great mortgaging: housing finance, crises and business cycles," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 31(85), pages 107-152.
    9. Allen, William R, 1993. "Irving Fisher and the 100 Percent Reserve Proposal," Journal of Law and Economics, University of Chicago Press, vol. 36(2), pages 703-717, October.
    10. Arnon,Arie, 2011. "Monetary Theory and Policy from Hume and Smith to Wicksell," Cambridge Books, Cambridge University Press, number 9780521191135, January.
    11. Franco Modigliani, 1977. "The monetarist controversy; or, should we forsake stabilization policies?," Economic Review, Federal Reserve Bank of San Francisco, issue Spr suppl, pages 27-46.
    12. Kaldor, Nicholas, 1986. "The Scourge of Monetarism: Radcliffe Lectures," OUP Catalogue, Oxford University Press, edition 2, number 9780198772484.
    13. James Tobin, 1987. "The case for preserving regulatory distinctions," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 167-205.
    14. Goodhart, Charles A. E., 1993. "Can we improve the structure of financial systems?," European Economic Review, Elsevier, vol. 37(2-3), pages 269-291, April.
    15. Bordo,Michael D. & Roberds,William (ed.), 2013. "The Origins, History, and Future of the Federal Reserve," Cambridge Books, Cambridge University Press, number 9781107013728, January.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Jo Michell, 2017. "Do Shadow Banks Create Money? ‘Financialisation’ and the Monetary Circuit," Metroeconomica, Wiley Blackwell, vol. 68(2), pages 354-377, May.
    2. Goodhart, Charles, 2017. "Has regulatory reform been misdirected?," LSE Research Online Documents on Economics 84239, London School of Economics and Political Science, LSE Library.
    3. Sigitas Siaudinis, 2019. "Digital Currencies and Central Banking: A Sense of Déjà Vu," Bank of Lithuania Occasional Paper Series 26, Bank of Lithuania.
    4. A. Stevens, 2017. "Digital currencies : Threats and opportunities for monetary policy," Economic Review, National Bank of Belgium, issue i, pages 79-92, June.
    5. Samuel Demeulemeester, 2018. "The 100% money proposal and its implications for banking: the Currie–Fisher approach versus the Chicago Plan approach," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 25(2), pages 357-387, March.
    6. Samuel Demeulemeester, 2022. "What analytical framework for Sovereign Money? Some insight from the 100% Money literature, and a comment on criticisms," Working Papers hal-03751756, HAL.
    7. Mario Tonveronachi, 2016. "A Critical Assessment Of The Eu Monetary, Fiscal And Financial Regulatory Framework And A Reform Proposal," Working papers wpaper132, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    8. Samuel Demeulemeester, 2021. "The 100% money proposal of the 1930s: an avatar of the Currency School’s reform ideas?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 28(4), pages 577-598, July.
    9. Samuel Demeulemeester, 2022. "Divorcing money creation from bank loans: revisiting the “100% money” proposal of the 1930s [Dissocier la création monétaire des prêts bancaires : retour sur la proposition "100% monnaie"," Post-Print hal-03938669, HAL.
    10. Goodhart, C. A. E., 2017. "The determination of the money supply: flexibility versus control," LSE Research Online Documents on Economics 84209, London School of Economics and Political Science, LSE Library.

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