The monetary mechanics of the crisis

Report, Preprint OPEN
Jürgen von Hagen (2009)
  • Publisher: Brussels: Bruegel
  • Subject: EU-Staaten | Zentralbank | Multiplikator | Monetäres Aggregat | Geldpolitik | Finanzmarktkrise | Geldbasis
    • ddc: ddc:330

In response to the financial and economic crisis, central banks, unlike in the 1930s, have created enormous amounts of money. There are fears that this will lead to inflation, but it is base money (the central bank's liabilities) that has expanded; total monetary aggreg... View more
  • References (1)

    Friedman, Milton, and Anna J. Schwartz (1963) A Monetary History of the United States, 1867-1960, Princeton, Princeton University Press.

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