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 … article focuses on bank deposits, which are created by commercial banks themselves. Bank deposits count as money in a modern … economy such as Germany, where the bulk of money held by the public is in the form of deposits with banks. The other part is …