Yamaguchi, Kaoru; Yamaguchi, Yokei - In: Feedback economics : economic modeling with system dynamics, (pp. 69-95). 2021
Money stock, defined as the sum of coins, notes, demand and time deposits, decisively affects macroeconomic variables such as GDP and price. Yet its true nature has been obscured in economics. Where does it come from? How are they created, and how much? Concerning money creation under the...