| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13156 |
| DP13156 Money Creation in Different Architectures | |
| Salomon Faure; Hans Gersbach | |
| 发表日期 | 2018-09-04 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We examine monetary architectures in which money is solely created by the public and lent by the central bank to the private sector. We compare them to today's fractional-reserve system in which money is created mainly by commercial banks. We use a simple general equilibrium setting and determine under which conditions these architectures yield the same welfare and stability outcomes and under which conditions they do not. We show, in particular, that the decentralized sovereign money system yields the same level of money creation and allocation of commodities as the fractional-reserve monetary system if the central bank solely pursues interest-rate policy. |
| 主题 | Financial Economics ; International Macroeconomics and Finance ; Macroeconomics and Growth ; Monetary Economics and Fluctuations ; Public Economics |
| 关键词 | Money creation Chicago plan Full-reserve banking 100% reserve banking Monetary architecture Monetary system Capital regulation Reserve requirement monetary policy Price rigidities |
| URL | https://cepr.org/publications/dp13156-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541959 |
| 推荐引用方式 GB/T 7714 | Salomon Faure,Hans Gersbach. DP13156 Money Creation in Different Architectures. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Salomon Faure]的文章 |
| [Hans Gersbach]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Salomon Faure]的文章 |
| [Hans Gersbach]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Salomon Faure]的文章 |
| [Hans Gersbach]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
