Category: Europe Banking

Banking and banks – read articles from Europe.

Apr 5

Radical Monetary reform in Iceland

A radical plan developed on behalf of the Prime Minister of Iceland suggests that the country’s commercial banks deprived of the right to create money for loans. Economists have long been aware of the problematic nature of the fractional reserve system and proposed various reforms. Instead, the central bank, and ultimately Parliament will manage money creation. […]
Dec 15

The Bankers’ Dilemma

The financial sector has strong interest in a QExit (QE and anchored QEinfinit), which may give tapering the decisive thrust it needs. The dynamics behind this interest are embodied in the “Bankers’ Dilemma”. Read article