nef and Positive Money show why systematic reform of the banking and monetary system is urgently needed.
In collaboration with:
Centre for Banking, Finance and Sustainable Development
University of Southampton, School of Management
(Professor Richard A. Werner)
Short insight:
This submission outlines a proposal for full-reserve banking, where the transactional function of banking (the payments system) is separated from the lending function. This system would be stable than under the current business model, which is often labeled ‘fractional reserve banking’
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