Money and banking

Marc Lavoie and Mario Seccareccia ()

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Abstract: The chapter explains the heterodox approach to money and banking and contrasts it with the mainstream. It focuses on the importance of the creation and destruction of money by the banking system and on the crucial role played by the interbank market for funds and the payment and settlement system. It points out the credit money creation is demand led.

Keywords: heterodox approach to money and banking; banking system; interbank market; settlement system; credit money (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

Published in LP. Rochon and S. Rossi. Introduction to Heterodox Macroeconomics, Edward Elgar, pp.97-116, 2016, 9781849801119

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01435719

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