Tag Archives: banking system

Research on Modern Banking Systems and Economic Theory Presented by Dr. Jacky Mallett

Time & Location

10th of June, 2011 at 13:00, in Reykjavik University, Betelgás (Venus, 1st floor)

Dr. Jacky Mallet, Ph.D. graduate from MIT, will be holding a talk at Reykjavik University on her research on modern banking systems and economic theory. Using complex dynamic systems, her computer simulations have yielded evidence challenging some of the assumptions on which modern economic theories are based.

A number of deficiencies in the textbook model of the banking system’s behaviour will be demonstrated in the talk, titled Analysing the Behaviour of the Textbook Fractional Reserve Banking Model as a Complex Dynamic System.


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Download “What are the Limits on Commercial Bank Lending?” by Jacky Mallett

Now available for download – a technical report written by Jacky Mallett, affiliate researcher of IIIM. Title of the paper is “What are the Limits on Commercial Bank Lending?”. Preprint submitted to Elsevier, September 20th, 2010.

The report presents a controversial theory, with backing evidence, about the cause of the financial crash in 2008, and why it will probably happen again soon. It took a computer scientist, with an eye on algorithms, to crack what many economists failed to understand. See download link and abstract below.
Continue reading Download “What are the Limits on Commercial Bank Lending?” by Jacky Mallett