and the increased strain in the money market forced the ECB to switch over to an expansionary policy stance. At the same … time the ECB eased access to central bank liquidity in the face of a dried up money market. …

belief in policies based on a "perpetual money machine" type of thinking. We document strong evidence that, since the early … perpetual money machine", which started at full speed in the early 1980s and developed until 2008. This regime was further … economic system from the turbulence associated with the perpetual money machine to calmer and more sustainable waters. …

This article examines the misconceptions about modern money theory (MMT) put forward by . The author divides her … means-of-payment function of money, that it considers money as a pure asset, that it does not distinguish between inside and … outside money, and that it does not distinguish between money and the monetary base. Second, Drumetz/Pfister (2021) falsely …

This paper analyzes the effectiveness of monetary policy on money and credit in Pakistan by using the data rich …

lots of arguments about the benefits of monetary policy implementation on deposit money bank's operations, since the … Liquidity Ratio, Interest and Money supply (M2), which are used as monetary policy instruments, on deposit money bank … Liquidity Ratio and deposit money bank's profitability; there also existed a negative long run relationship between interest …