Monetary Reform: System Dynamics Modeling of Full Reserve Banking System: Technical and conceptual specifications of the Full Reserve Banking system model and an analysis on the effect of the Full Reserve Banking system

In this thesis, the System Dynamics (SD) model of the Full Reserve Banking (FRB) system built by Van Egmond and De Vries (2016) has been reviewed and improved. The improved model is used to see the effect of FRB system in preventing a long-lasting recession as one occurred in 2008. FRB system is a monetary reform which attempts to separate...