The Chicago Plan and New Deal Banking Reform

This work presents a comprehensive history and evaluation of the role of the 100 percent reserve plan in the banking legislation of the New Deal reform era from its inception in 1933 to its re-emergence in the current financial reform debate in the US.

About the Author

Ronnie J. Phillips is Professor of Economics at Colorado State University in Fort Collins and a Research Associate of The Jerome Levy Economics Institute of Bard College, Annandale-on-Hudson, New York. He received his B.A. degree from the University of Oklahoma in 1973, and a Ph.D. in economics from The University of Texas at Austin in 1980. He previously taught at Texas A&M University in College Station and has been a visiting scholar in the Bank Research Division of the Office of the Comptroller of the Currency. His current research interests are banking regulation, financial institutions, and financial history of the United States. His articles have appeared in numerous journals including The Journal of Post-Keynesian Economics, The Journal of International Economics, Southern Economic Journal, and the Journal of Money, Credit, and Banking.