CURBING THE MONEY MULTIPLIER: CAPITAL REQUIREMENTS VERSUS NARROW BANKING*

descriptionPublicationkeyboard_double_arrow_right Article 01 Jan 2018 Italy English Publisher:Oxford University Press (OUP)Journal:Contributions to Political Economy, volume 37, pages 16-24 (issn: 0277-5921, eissn: 1464-3588,

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Authors: Barba Aldo;

doi: 10.1093/cpe/bzy008

handle: 11588/768678

CURBING THE MONEY MULTIPLIER: CAPITAL REQUIREMENTS VERSUS NARROW BANKING*

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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.

Country

Italy

Related Organizations

University Federico II of Naples
Italy

Keywords

Monetary Policy - Central Banks and Their Policies - Banks; Depository Institutions; Micro Finance Institutions; Mortgages - Government Policy and Regulation, Monetary Policy - Central Banks and Their Policies - Banks, Mortgages - Government Policy and Regulation, Depository Institutions, Micro Finance Institutions

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