On the money creation approach to banking

DOI10.1007/S10436-021-00385-5MaRDI QIDQ2240677zbMATH OpenOpenAlexFDO

Authors Salomon Faure, Hans Gersbach

Publication date 4 November 2021

Published in Annals of Finance (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/s10436-021-00385-5

zbMATH Keywords

monetary policyprice rigiditiescapital regulationmoney creationzero lower boundbank deposits

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Actuarial science and mathematical finance (91G99)

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Cites work

• A model to analyse financial fragility
• A strategic market game with a mutual bank with fractional reserves and redemption in gold. A continuum of traders
• Assets, General Equilibrium and the Neutrality of Money
• Equilibrium analysis, banking and financial instability.
• Financial Intermediation and Delegated Monitoring
• Inside and outside fiat money, gains to trade, and IS-LM
• Monetary equilibrium with missing markets.
• Real effects of money in general equilibrium
• Sufficiency of an outside bank and a default penalty to support the value of fiat money: experimental evidence
• The macroeconomics of Modigliani-Miller
• The optimal bankruptcy rule in a trading economy using fiat money
• Versatile forward guidance: escaping or switching?
• ``Interest rate trap, or why does the central bank keep the policy rate too low for too long?

Cited in

(2)

• Beyond the Static Money Multiplier: In Search of a Dynamic Theory of Money
• Loanable funds versus money creation in banking: a benchmark result

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