Switzerland will vote on a measure to end fractional reserve banking in 2018. Known as the Vollgeld, or "Full Money," Initiative, this proposal could transform modern finance as we know it. Jason Voss, CFA, curates a helpful reading list.
The Vollgeld Initiative, with its primary objective of separating money creation from fractional reserve banking, proposes a complete overhaul of the monetary and banking system. A poll of CFA Institute Financial NewsBrief readers indicates concern over its implications.
In this week's edition of Weekend Reads for Investors, Jason Voss, CFA, salutes the NFL champion Denver Broncos and curates selections on the gravity of falling global equity markets, behavioral biases, Einstein's relativity, and more.
Jason Voss, CFA, provides an overview of the growing movement to end fractional reserve banking, which culminated in the December 2015 announcement of a Swiss referendum on whether to scrap the system.
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