publication . Article . 2008

A General Outlook to the Endogenous Money Theory

ÖZGÜR, Gökçer;
Open Access
  • Published: 31 Dec 2008
  • Publisher: Hacettepe Üniversitesi
Abstract
The purpose of this study is to shed light on theorigins of the endogenous money theory and analyze the currentdebates on this topic. Endogenous money approach depends on a fundamental postulate: As banks meet the credit needs ofnon-financial businesses, new deposits emerge in the banking sector. Similarly,as the necessary reserves found for these new deposits the broad money expandsas well. Even though the central bank can intervene into this process it cannotfully control it. There is not aclear-cut consensus on the endogenous money creation process and a livelydebate among the proponents of the theory still continues. The purpose of thisstudy is to r...
Subjects
free text keywords: Endogenous money,money supply,interest rates,credit, İçsel para,para arzı,faiz oranları,kredi
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publication . Article . 2008

A General Outlook to the Endogenous Money Theory

ÖZGÜR, Gökçer;