Dysfunctions of the Bankmoney Regime

Joseph Huber
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Joseph Huber: Martin-Luther-University

Chapter 5 in Sovereign Money, 2017, pp 101-142 from Springer

Abstract: Abstract This chapter deals with the dysfunctions inherent in the split-circuit fractional reserve system, such as proneness to inflation or asset inflation and crises due to the GDP-disproportionate growth of the money supply and the levels of financial assets and debt, non-safety of bankmoney, and disproportionate financial income at the expense of earned income. Further topics include the question of lawfulness of bankmoney and the constitutional dimension of the monetary system.

Keywords: Interest Rate; Central Bank; Euro Area; Money Supply; Public Debt (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-42174-2_5

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DOI: 10.1007/978-3-319-42174-2_5

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