Hortlund, Per - Economics Institute for Research (SIR), … - 2005
.
Key words: Clearing mechanism, Credit expansion, Currency-deposit ratio,
Fiduciary money, Free banking, Leakage, Money … reserve banks can extend credit by issuing
fiduciary money – payment media not covered by base money. By
this power, the … measures of money are examined: notes and fiduciary money.
Notes include all notes issued by the Bank of Sweden and the …