Money and banking
The chapter explains the heterodox approach to money and banking and contrasts it with the mainstream. It focuses on the importance of the creation and destruction of money by the banking system and on the crucial role played by the interbank market for funds and the payment and settlement system. It points out the credit money creation is demand led.
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|Date of creation:||2016|
|Publication status:||Published in LP. Rochon and S. Rossi. Introduction to Heterodox Macroeconomics, Edward Elgar, pp.97-116, 2016, 9781849801119|
|Note:||View the original document on HAL open archive server: https://hal-univ-paris13.archives-ouvertes.fr/hal-01435719|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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