This article discusses financial regulation proposals based on capital and liquidity requirements and those that instead suggest a 100% reserve on bank deposits. The topic is developed by comparing the position of Alan Greenspan, a resolute supporter of capital requirements as the main regulator of the financial sector, with that of Mervyn King, who has recently proposed a sort of ‘moderate narrowness’ in banking as a solution.
Curbing the Money Multiplier: Capital Requirements versus Narrow Banking / Barba, Aldo. - In: CONTRIBUTIONS TO POLITICAL ECONOMY. - ISSN 0277-5921. - 37:1(2018), pp. 16-24. [10.1093/cpe/bzy008]
Curbing the Money Multiplier: Capital Requirements versus Narrow Banking
Barba Aldo
2018
Abstract
This article discusses financial regulation proposals based on capital and liquidity requirements and those that instead suggest a 100% reserve on bank deposits. The topic is developed by comparing the position of Alan Greenspan, a resolute supporter of capital requirements as the main regulator of the financial sector, with that of Mervyn King, who has recently proposed a sort of ‘moderate narrowness’ in banking as a solution.| File | Dimensione | Formato | |
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