About Monetary- & Banking System Reforms - A Revision Of The Past To Conclude About The Future

Abstract

The crises of the 1930s and of 2008 are clear evidence of the fragility of the Fractional Reserve Banking System. Both of these events resulted in a liquidity crisis that sent the afflicted economies spiralling into deep recession. Security measures and regulations have been enacted to hinder the contagious effects of a systemic run. Unfortunately these have proven to be inadequate. Prominent economists have wrestled with possible solutions in order to obtain long-term stability. We hereby present a mere few of these theories; Ones that we think are plausible and should be taken into serious consideration by the controlling powers of society.