The endogeneity of money and the eurosystem

Research, Preprint OPEN
Steiger, Otto (2004)
  • Publisher: Bonn: Rheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI)
  • Subject: E51 | E58
    • jel: jel:E51 | jel:E58
      ddc: ddc:330
    acm: Hardware_MEMORYSTRUCTURES

The endogenous theory of money, developed by Basil Moore, argues that the supply of central bank money in modern economies is not under the control of the central bank. According to this view, a central bank typically supplies cash reserves automatically on demand at it... View more
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