-Keynesian analysis of credit institutions will help us determine new solutions for economic policy aiming at full employment. Following … rather a practical reflection on the optimal economic policies resting on an in-depth understanding of money and credit …

agents in the economy over time and space; they increase the money base through credit creation; they hold fractional … that enables the bank credit manufacturing process. In this way, all the banks become interdependent on the flow of … inter-bank clearing and credit arrangements provide this coordination at the inter-bank level, which is effectuated through …

money and credit starting from a unit of monetary base. Crucially, however, at the very low frequencies the relative amounts … analyze. This finding questions the widespread notion that, since WWII, credit has become disconnected from broad money, and … suggests that, except for their greater productivity at creating broad money and credit out of base money, today's commercial …

Despite stout efforts by some scholars to demonstrate the logical and direct relationship between bank domestic credit …