An introduction, Positive Money, December 2016, 4. 9  Keynote_Governor_AEDBF_30_Nov_2018_final.docx  4. the funding structure of commercial banks, something they are not indifferent to. Some opponents also point to the need to maintain a sufficient degree of credit growth in order to stimulate economic growth 11.
Earlier this year Switzerland organised a referendum on the introduction of a sovereign money system called Vollgeld, which requires that every credit granted by a commercial bank is entirely covered by deposits. The proposal was eventually rejected.