Series: IMF Working Papers
Author(s): Biaggio Bossone , and Abdourahmane Sarr
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2002
Keywords: Finance, Growth, Inside Money, banking, payments, seigniorage, narrow banking, Deposit Creating Institution, Saving, And Investment,
Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism all...