Yamaguchi, Kaoru; Yamaguchi, Yokei - In: Feedback economics : economic modeling with system dynamics, (pp. 69-95). 2021
case study on the flow of funds accounts in Japan between 1980-2017. We found that money stock equals total domestic debts … financed by banks, to non-banking private and public sectors including non-financial corporations, households, and the … time series. Current empirical finding demonstrates that the majority of money is created as interest-bearing debts …
