The Chicago Plan Revisited

Working Paper No. 12/202

Nopic
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for... READ MORE...

Publication date: August 2012
ISBN 9781475505528
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Publication date: August 2012

English