An Extension of Capital Based Macroeconomic Model and 100 Percent Reserve System, the Free Banking System and BFH System: A Comparison among Latvia, Lithuania, Kazakhstan, and Kyrgyzstan
Joseph Antwi Baafi, Eric Effah Sarkodie & William Kwasi Boachie · Journal of Economics, Management and Trade · 2019
This study extends the capital-based macroeconomic theory to include international capital flow thus extending it to an open economy and analyze it in the context of the BFH system, Free banking system and 100 per cent reserve ratio. In all these, it was noticed that interest rat...
Open access
Research Article
10.9734/jemt/2019/v25i130184