Musgrave, Ralph S. - Volkswirtschaftliche Fakultät, … - 2013
fractional reserve is unlikely to work for long without taxpayer backing. Changing bank regulations in such a way that banks are … of institution is unimportant. It is virtually impossible for a full reserve bank to fail, thus there is no implicit … crises as bank panics. The reduced amount of lending based economic activity and increased amount of non-lending based …