The 100% money proposal and its implications for banking: the Currie–Fisher approach versus the Chicago Plan approach

Abstract : The literature on the 100% money proposal often reveals some confusion when it comes to its implications for the banking sphere. We argue that this can be partly explained by a failure to have distinguished between two divergent approaches to the proposal: the “Currie–Fisher” (or “transaction”) approach, on the one hand, which would preserve banking; and the “Chicago Plan” (or “liquidity”) approach, on the other hand, which would abolish banking. This division among 100% money proponents stemmed, in particular, from different definitions of money, and different explanations of monetary instability. The present paper attempts to clarify this divergence of views.
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European Journal of the History of Economic Thought, Taylor & Francis (Routledge), 2018, 25 (2), pp.357-387. 〈10.1080/09672567.2018.1435706〉
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Samuel Demeulemeester. The 100% money proposal and its implications for banking: the Currie–Fisher approach versus the Chicago Plan approach. European Journal of the History of Economic Thought, Taylor & Francis (Routledge), 2018, 25 (2), pp.357-387. 〈10.1080/09672567.2018.1435706〉. 〈hal-01830363〉

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