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The present study analyzes the delimitation of money creation's major theories developed by the Banking School, on the one hand, and the Currency School, on the other hand. We took into account a series of researches on how the adopted banking policy is influencing the economic performance and...
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theory. For a system of competing banks subject to stochastic spending decisions on the part of an interacting pool of … discuss implications of this work for economic scenario generation in the context of portfolio theory and for the design of a …
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