Quarterly Journal of Austrian Economics
Author:
Hossein Askari
Noureddine Krichene
Online Publish Date:
Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 29–64 ABSTRACT : One hundred percent reserve for a country to establish long-term financial stability and sustained economic growth. It is also an essential element for a country contemplating the become highly unstable, as shown by the 2008 crisis, its aftermath as well as the turbulences that caused it. Controlling interest rates at near-zero bound will reduce