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The first attempt in the human history to consciously create money ended in a collapse in 1720, well-known as the money mania. This unfortunate start raises doubt on money creation as a whole such that today there are still voices questioning created money even though it is now indispensible for...

Persistent link: https://www.econbiz.de/10011927951

Financial firm's production and supply-side monetary aggregation under dynamic uncertainty

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Financial firms' production and supply-side monetary aggregation under dynamic uncertainty

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Modern Money Theory and interrelations between the treasury and the central bank : the case of the United States

Tymoigne, Éric - 2014

One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unconstrained by hard financial limits. Not only can they issue their own currency to pay public debt denominated in their own currency,...

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