Money Creation: An Introduction
This is a free textbook offered by BookBoon.
'One of the great mysteries and elegant features of the financial system in general, and of the banking sector in particular, is the creation of new money. The largest component of the money stock, bank deposits, is created by accounting entries. Many texts which cover money creation regard the reserve requirement (RR) as being at the very centre of the process, and many still regard the...Show More