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

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