Posts Tagged ‘Central Bank’
What Will Change the Total Amount of Bank Deposits Held by the (Non-Bank) Private Sector?
In: Flash Cards
By: Andrea Terzi
The total amount of bank deposits has nothing to do with the saving attitude, or with the spending decisions, of bank accounts’ holders. A new bank deposit can only be created through two main channels. In one, deposits are born twins with bank loans to the non-bank private sector (households or firms). In the other, deposits are born twins with bank reserves as a result of payments made by the public sector (Treasury or Central bank) to the non-bank private sector. A third process, yet smaller in importance, is when the banking sector makes net payments to the non-bank private sector.
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- Tags: Bank, Bank Deposits, Banking, Central, Central Bank, Private Sector
By: Andrea Terzi
You may think that the Fed, the central bank of the U.S., has complete control, or at least some control of how many banknotes circulate in the economy. The fact is that the Fed has no power in this.
The first Mecpoc Symposium was held on April 8, 2008, at Franklin College Switzerland. The proceedings consist of papers submitted by the guest speakers and transcripts of the speakers’ remarks.
By: Andrea Terzi
There are no ’scarce resources’ causing the financial crisis and the global recession! And yet, no self-correcting force is likely to operate soon. In a “money crisis”, only political authorities (who are the ultimate monopolists of money) can provide effective answers. And to be effective, these should be based on out-of-the-box thinking.
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- Warren Mosler on CNBC
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- 2010 Mecpoc Symposium
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- What Will Change the Total Amount of Bank Deposits Held by the (Non-Bank) Private Sector?
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- Mosler Summer Scholarship 2009
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