and fiscal powers, and of both from banking and wider financing functions. This book provides a welcome addition to the … banking literature, guiding readers through the inner workings of our monetary and regulatory environments and proposing a new …Introduction -- 1. Money -- 2. Chartalism -- 3. Money and Banking Today -- 4. Problems of the Bankmoney Regime …

This paper presents a stock-flow consistent model+ of full-reserve banking. It is found that in a steady state, full …-reserve banking can accommodate a zero-growth economy and provide both full employment and zero inflation. Furthermore, a money … creation experiment is conducted with the model. An increase in central bank reserves translates into a two-thirds increase in …