Money creation in the modern economy: an appraisal
Sign Up to like & getrecommendations! Published in 2021 at "Review of Keynesian Economics"
DOI: 10.4337/roke.2021.01.03
Abstract: This paper models a representative bank, and uses this model to explore the assumptions and implications of a selection of money-creation theories. It is shown that the money-supply process tends toward the logic of exogeneity… read more here.
Keywords: modern economy; money; creation modern; money creation ... See more keywords