Money Creation in Fiat and Digital Currency Systems is popular PDF and ePub book, written by Mr.Marco Gross in 2019-12-20, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Money Creation in Fiat and Digital Currency Systems can be Read Online from any device for your convenience.
Money Creation in Fiat and Digital Currency Systems Book PDF Summary
To support the understanding that banks’ debt issuance means money creation, while centralized nonbank financial institutions’ and decentralized bond market intermediary lending does not, the paper aims to convey two related points: First, the notion of money creation as a result of banks’ loan creation is compatible with the notion of liquid funding needs in a multi-bank system, in which liquid fund (reserve) transfers across banks happen naturally. Second, interest rate-based monetary policy has a bearing on macroeconomic dynamics precisely due to that multi-bank structure. It would lose its impact in the hypothetical case that only one (“singular”) commercial bank would exist. We link our discussion to the emergence and design of central bank digital currencies (CBDC), with a special focus on how loans would be granted in a CBDC world.
Detail Book of Money Creation in Fiat and Digital Currency Systems PDF
- Author : Mr.Marco Gross
- Release : 20 December 2019
- Publisher : International Monetary Fund
- ISBN : 9781513524993
- Genre : Business & Economics
- Total Page : 40 pages
- Language : English
- PDF File Size : 21,6 Mb
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