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Money and banking

Listed author(s):
  • Marc Lavoie

    (CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique, University of Ottawa [Ottawa])

  • Mario Seccareccia

    (University of Ottawa [Ottawa])

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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Paper provided by HAL in its series Post-Print with number hal-01435719.

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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
Handle: RePEc:hal:journl:hal-01435719
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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