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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, June.
    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, November.
    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, November.
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    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. Alistair Milne, 2024. "Argument by False Analogy: The Mistaken Classification of Bitcoin as Token Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(8), pages 2199-2222, December.
    8. 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.
    9. 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.
    10. 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.
    11. 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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