On the monetary policy in an economy with banks endogenously creating money.
This paper attempts to employ a microeconomic model (industrial‐organization approach to banking) to formalize the concept that banks in an economy may also unilaterally create money, at least initially, rather than passively multiplying the base money exogenously issued by the Central Bank in the m...
| Publicado en: | American Journal of Economics & Sociology Vol. 82; no. 2; pp. 121 - 128 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Mar2023
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |