IS THE NATIONALIZATION OF THE BANKING SECTOR A SOLUTION TO THE PRESENT FINANCIAL CRISIS?

被引：0

作者：

Musetescu, Radu Cristian ^{[1
]}

机构：

[1] Acad Econ Studies, Mihai Eminescu Bldg,41st,Dacia Ave,Sect 1, Bucharest, Romania

来源：

AD ALTA-JOURNAL OF INTERDISCIPLINARY RESEARCH | 2012年 / 2卷 / 02期

关键词：

central banking; commercial banking; fractional reserves; nationalization; financial crisis;

D O I：

暂无

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

We argue in this paper that the institutional premises of the contemporary banking system are erroneously defined. In consequence, contemporary commercial banks cannot operate under normal circumstances as any other sector of the economy. The three core elements of the contemporary financial system - namely fiat money, fractional reserve commercial banking and central banking - imply a system which is fundamentally socialized. The most logical coherent consequence of such an institutional setting is the full control and operation of the entire credit industry by the state. The present crisis is a consequence of such an institutional setting and the nationalization of commercial banking - a logical step according to the premises of the institutional setting - will but speed up the process of a long depression.

引用

页码：68 / 70

页数：3

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