Why it might be a good or bad idea for banks to hold 100% of their...

Why it might be a good or bad idea for banks to hold 100% of their deposits? What role is there for banks in a future world of cryptocurrencies like bitcoins?

Read this article as a starting point, but do some research as well to find some other perspectives. Include those in your response as well.

The Bitcoin News. 08/12/2019. What is the future of cryptocurrencies?

Expert Solution

Sorry I couldn't find the article mentioned; but nevertheless tried to provide an answer the best I could.

Rahul Sunny answered 1 year ago

Discuss why it might be a good or bad idea for banks to hold 100% of...

Discuss why it might be a good or bad idea for banks to hold 100% of their deposits? Also discuss what role is there for banks in a future world of cryptocurrencies like bitcoins.

Consider two countries: North and South. In South, banks are required to hold 100% of their...

Consider two countries: North and South. In South, banks are required to hold 100% of their deposits as reserves. In North, the required reserve ratio is 50%. Banks do not hold excess reserves in North or in South. No cash is held by the public in South, while in North, citizens hold $500,000 in cash. Each country has $1 million in bank reserves. Residents buy goods and services and do their banking only in their own country. Neither country has...

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