van den Hauwe, Ludwig - Volkswirtschaftliche Fakultät, … - 2006
fractional-reserve free banking system, that is, a system with no central bank, but with permission for the banks to operate with … from the perspective of economic theory. In particular, the claim that a fractional-reserve free banking system would lead …, reinforcing the conclusion that fractional-reserve free banking is incompatible with the ethical and juridical principles …