Money and Banking Today

Joseph Huber
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Joseph Huber: Martin-Luther-University

Chapter 4 in Sovereign Money, 2017, pp 57-100 from Springer

Abstract: Abstract This chapter deals with the functioning of the present money and banking system—the mechanisms of how money is created and enters into circulation, how it circulates, how it may temporarily be deactivated, and how it is finally deleted. There are popular as well as scholarly misconceptions about these questionsthat will be discussed, including the rhetoric about endogenous money and the false identity of money and credit.

Keywords: Central Bank; Bank Credit; Fractional Reserve; Fractional Reserve Banking; Central Bank Money (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_4

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DOI: 10.1007/978-3-319-42174-2_4

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