For his mathematical project, he compared two ways to estimate the square root of an integer, a number with no fractional parts.

VOA: special.2011.03.24

That's a lot less than the amount of money out there but they always had fractional reserve of banking anyway.

这比流通的金钱少的多,但是他们总是有部分准备金银行制度。

耶鲁公开课 - 金融市场课程节选

So, banks are natural and fractional reserve banking is the natural thing to do.

所以银行的产生是很自然的,而部分准备金制度也是自然产生的

耶鲁公开课 - 金融市场课程节选

What we have--we have a problem that there can be a systemic problem to fractional reserve banking if there is ever a run on the banking system.

我们面临着一个问题,如果出现银行挤兑,部分准备金制度会,导致系统性的问题

耶鲁公开课 - 金融市场课程节选

It started out that was as, what we call, fractional reserve.

这就出现了,所谓的,部分储备金制度

耶鲁公开课 - 金融市场课程节选

With a fractional reserve system you're in an unstable equilibrium.

伴随着部分准备金银行制度,英国的银行业处于一个不平稳的均衡中。

耶鲁公开课 - 金融市场课程节选

They do it with fractional reserves.

是通过部分准备金制度

耶鲁公开课 - 金融市场课程节选

The issuing bank would be driven out of business if it didn't. They all were using fractional reserve banking so if you have a big player that's demanding gold from you you're in trouble.

发行纸币的银行将会被驱逐出银行业,如果它不这么做，它们都采取,部分准备金银行制度，所以如果你有一个对手,一直向你索求金子，你会陷入大麻烦的。

耶鲁公开课 - 金融市场课程节选