{"title":"CURBING THE MONEY MULTIPLIER: CAPITAL REQUIREMENTS VERSUS NARROW BANKING","authors":"Aldo Barba","doi":"10.1093/CPE/BZY008","DOIUrl":null,"url":null,"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.","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":"37 1","pages":"16-24"},"PeriodicalIF":0.0000,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1093/CPE/BZY008","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Contributions to Political Economy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1093/CPE/BZY008","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Social Sciences","Score":null,"Total":0}
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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.
期刊介绍：
Contributions to Political Economy provides a forum for the academic discussion of original ideas and arguments drawn from important critical traditions in economic analysis. Articles fall broadly within the lines of thought associated with the work of the Classical political economists, Marx, Keynes, and Sraffa. While the majority of articles are theoretical and historical in emphasis, the journal welcomes articles of a more applied character. It also reviews noteworthy books recently published.
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