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How do banks create money, and why can other firms not do the same? : an explanation for the coexistence of lending and deposit-taking

Werner, Richard A. - In: International review of financial analysis 36 (2014), pp. 71-77

Persistent link: https://www.econbiz.de/10010530219

Can banks individually create money out of nothing? : the theories and the empirical evidence

Werner, Richard A. - In: International review of financial analysis 36 (2014), pp. 1-19

Persistent link: https://www.econbiz.de/10010530225

A lost century in economics : three theories of banking and the conclusive evidence

Werner, Richard A. - In: International review of financial analysis 46 (2016), pp. 361-379

Persistent link: https://www.econbiz.de/10011582105

Can banks individually create money out of nothing? — The theories and the empirical evidence

Werner, Richard A. - In: International Review of Financial Analysis 36 (2014) C, pp. 1-19

This paper presents the first empirical evidence in the history of banking on the question of whether banks can create money out of nothing. The banking crisis has revived interest in this issue, but it had remained unsettled. Three hypotheses are recognised in the literature. According to the...

Persistent link: https://www.econbiz.de/10011117756