The introduction of banks that issue money and supply balances and pay outtheir profits as dividends is the natural … supply of balances and rates of interest adjust for money marketsto clear. …

by the observation that the money at the core of these systems, central bank money, is injected into the economy on terms …, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the …

about the intention of their member banks to implement the Recommendation. Consequently, its aim is to contribute to …

This paper forms part of the research on the transmission of monetary policy via the interest rates of Spanish banks … and savings banks, analysed from a disaggregated perspective. In this respect, it considers structural factors that cannot …

This paper forms part of the research on the transmission of monetary policy via the interest rates of Spanish banks … and savings banks, analysed from a disaggregated perspective. In this respect, it considers structural factors that cannot …

This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of … financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The …

In this paper I first provide an overview of alternative approaches to money, contrasting the orthodox approach, in … which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production …. I then focus in more detail on two main categories: the orthodox approach that views money as an efficiency …