les actions des différents secteurs économiques des P.E.D. / This paper aims to show complementary of official banks and … microbanks in a stock-flow accounting framework initially proposed by Godley and Lavoie. We show that the official banks and … banks. The first category are the official commercial banks (banks) and the second category are the banks de facto (the …

) identify the ability of private banks to create money as the main contributor to the outbreak of financial crisis. Hence, they … for "real" transactions is stable and therefore, a "workable" link from money base to economic activity can be established …

has its basis in demand for liquidity by banks. Tightness in the interbank market for liquidity leads banks to engage in … what we term “liquidity pull-back,” which involves selling financial assets either by banks directly or by levered …