The reserve requirement for banks to hold a minimum fixed proportion of their deposits as reserves at the Bank of England was abolished in 1981: see for more details. The contemporary transition from Keynesian economics to Chicago economics was analysed by Nicholas Kaldor in The Scourge of Monetarism.
The, reserve requirement for banks to hold a minimum fixed proportion o.f their deposits as reserves at the Bank of England was ,abolished in 1981: see for more details. The contemporary transition from Keynesian economics to Chicago economics was analysed by Nicholas Kaldor in The Sc!ourge of Monetarism.