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- Title
Fractional Reserves and Demand Deposits.
- Authors
NAIR, MALAVIKA
- Abstract
This essay contributes to the historical aspect of the debate on the level and creation of inside money or banks' ability to affect money supply. It examines whether historical episodes of banks' keeping fractional reserves and affecting money supply in a truly laissez-faire setting exist or not. It also provides another historical episode of fractional-reserve deposits evolving on the free market. Information is provided on the Chettiar banking system in the late-nineteenth-century India.
- Subjects
MONEY supply; MONETARY policy; BANKING industry; FRACTIONAL reserve banking; FREE enterprise; FREE trade
- Publication
Independent Review, 2013, Vol 18, Issue 1, p77
- ISSN
1086-1653
- Publication type
Essay