{"id":{"repo_id":"unlv","oai_identifier":"oai:oasis.library.unlv.edu:rtds-1208"},"canonical_url":"https://search.dev.ndltd.org/etd/unlv/oai:oasis.library.unlv.edu:rtds-1208","repository":{"repo_id":"unlv","name":"University of Nevada - Las Vegas","base_url":"https://oasis.library.unlv.edu/do/oai/"},"display":{"title":"Fractional reserve banking: The genesis of macro-instability","abstract":"This thesis is a theoretical criticism of fractional reserve banKing The Austrian school (especially the works of Mises, Hayek and Rothbard), consider credit expansion to be the genesis of macro-economic instability; This study applies Austrian interest, capital and business cycle theory to challenge the widely held assumption that our present economic system is fundamentally sound. Using a theoretical construct known as the \"Angel Gabriel Model\", the devastating consequences of continuing credit expansion are explored. Fractional reserve free banking is also considered within this model and found to be an unsatisfactory option when compared to 100 percent reserve banKing In conclusion, policy proposals and system transition are considered in the event of a general economic collapse.","abstract_html":"This thesis is a theoretical criticism of fractional reserve banKing The Austrian school (especially the works of Mises, Hayek and Rothbard), consider credit expansion to be the genesis of macro-economic instability; This study applies Austrian interest, capital and business cycle theory to challenge the widely held assumption that our present economic system is fundamentally sound. Using a theoretical construct known as the "Angel Gabriel Model", the devastating consequences of continuing credit expansion are explored. Fractional reserve free banking is also considered within this model and found to be an unsatisfactory option when compared to 100 percent reserve banKing In conclusion, policy proposals and system transition are considered in the event of a general economic collapse.","abstract_has_math":false,"creators":["Koch, John Nicholas"],"institution":"University of Nevada, Las Vegas","degree_name":"Master of Arts (MA)","degree_level":"Thesis","degree_discipline":"Economics","degree_department":null,"school":null,"contributors":["Murray N. Rothbard"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":1991,"date_issued":"1991-01-01T08:00:00Z","date_published":"1991-01-01T08:00:00Z","updated_at":"2026-07-24T05:24:15Z","subjects":[],"languages":["English"],"rights":["IN COPYRIGHT. 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Using a theoretical construct known as the \"Angel Gabriel Model\", the devastating consequences of continuing credit expansion are explored. Fractional reserve free banking is also considered within this model and found to be an unsatisfactory option when compared to 100 percent reserve banKing In conclusion, policy proposals and system transition are considered in the event of a general economic collapse."]},{"key":"dc:format","label":"Dc Format","values":["pdf"]},{"key":"dc:title","label":"Title","values":["Fractional reserve banking: The genesis of macro-instability"]}]}],"canonical_facts":{"dc:contributor":["Murray N. 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Fractional reserve free banking is also considered within this model and found to be an unsatisfactory option when compared to 100 percent reserve banKing In conclusion, policy proposals and system transition are considered in the event of a general economic collapse."],"dc:format":["pdf"],"dc:identifier":["10.25669/sdsw-5ovw","https://oasis.library.unlv.edu/rtds/209","https://oasis.library.unlv.edu/context/rtds/article/1208/viewcontent/uc.pdf"],"dc:language":["English"],"dc:publisher":["University of Nevada, Las Vegas"],"dc:rights":["IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/"],"dc:title":["Fractional reserve banking: The genesis of macro-instability"],"dc:type":["Text"],"thesis:degree_discipline":["Economics"],"thesis:degree_level":["Thesis"],"thesis:degree_name":["Master of Arts (MA)"]},"updated_at":"2026-07-24T05:24:15Z"}