Quaas, Georg - In: Wirtschaftsdienst 97 (2017) 9, pp. 664-669
There is no universal agreement on what money actually is. Money is created and used by the modern bank system, which … can be split into the central bank, the commercial banks and the remaining sector of households, companies and states. The … article focuses on bank deposits, which are created by commercial banks themselves. Bank deposits count as money in a modern …