to be seen...
In 1998 the average cash reserve ratio across the entire United Kingdom banking system was 3.1%. ( Now = 0 )
Other countries have required reserve ratios (or RRRs) that are statutorily enforced
(sourced from Lecture 8, Slide 4: Central Banking and the Money Supply, by Dr. Pinar Yesin, University of Zurich, Switzerland (based on 2003 survey of CBC participants at the Study Center Gerzensee
|United Kingdom |
|New Zealand |
|United States |
|Sri Lanka |
|Hong Kong |
Note that the chart above gives the USA cash reserve ratio as 10% when the actual ratios stated in the text above the chart are more complex, significantly lower and with many cases of zero reserve. I have no idea how significant the exceptions to the stated percentages for other countries might be.
I notice on these Wikipedia pages that there is a lot of discussion and disagreement about what the details really are. However, the section of my movie being questioned ends with the statement:
"So…while the rules are complex the common sense reality is actually quite simple.
Banks can create as much money as we can borrow."
Central Banking and
the Money Supply
Dr. P³nar Ye»sin
December 16, 2005
University of Zurich
Avec mes meilleures salutations.
François de Siebenthal
14, ch. des Roches
CH 1010 Lausanne