Artifice and Elegance

Blog #26

Fractional Reserve Banking vs Full Reserve Banking

Fractional-reserve banking is the current form of banking practiced in most countries worldwide. Currently, no country in the world requires full-reserve banking. Monetary reforms that included full-reserve banking have been proposed in the past, notably in 1935 by a group of economists, including Irving Fisher, as a response to the Great Depression. More recently, there has been renewed interest following the Great Recession.

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