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Europe is still suffering from the turmoil created by the Great Financial Crisis. Finding solutions to the danger of new financial crises is an important criterion for a stable European Union. Proponents of the Sovereign Money System (SMS) identify the ability of private banks to create money as...
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We analyze the causal effect of the credit supply shock to banks induced by interbank market disruptions in the recent …
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important insights for policy makers as they continue to deal with the credit access issues of small firms. …
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