Prof. Dr AP Faure Money Creation: Advanced Readings Download free books at Download free eBooks at bookboon.com 2 Prof. Dr AP Faure Money Creation: Advanced Readings Download free eBooks at bookboon.com 3 Money Creation: Advanced Readings 1 st edition © 2014 Quoin Institute (Pty) Limited & bookboon.com ISBN 978-87-403-0668-2 Download free eBooks at bookboon.com Click on the ad to read more Money Creation: Advanced Readings 4 Contents Contents 1 Money creation: the sources 1: general notes 10 1.1 Abstract 10 1.2 Introduction 10 1.3 e literature 11 1.4 Only two models of monetary policy 15 1.5 A monetary analysis 17 1.6 Private sector demand for bank loans 21 1.7 Export receipts purchased by local bank 22 1.8 Government issues bonds 25 1.9 Increased demand for bank notes 26 1.10 Money destruction 27 1.11 Bank deposits and the reserve requirement 28 1.12 Monetary analysis, given various measures of the money stock 29 1.13 A parting thought 30 1.14 References 31 www.sylvania.com We do not reinvent the wheel we reinvent light. Fascinating lighting offers an infinite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges. An environment in which your expertise is in high demand. Enjoy the supportive working atmosphere within our global group and benefit from international career paths. Implement sustainable ideas in close cooperation with other specialists and contribute to influencing our future. Come and join us in reinventing light every day. Light is OSRAM Download free eBooks at bookboon.com Click on the ad to read more Money Creation: Advanced Readings 5 Contents 2 Money creation: the sources 2: relationship between credit and money 33 2.1 Abstract 33 2.2 Introduction 33 2.3 What are bank credit, loans and investments? 34 2.4 Data 36 2.5 A monetary analysis 37 2.6 Monetary policy in a nutshell 39 2.7 M1, M2 and M3 40 2.8 R 2 of DCE and M3 42 2.9 R 2 of DCE and GDP N 48 2.10 Concluding remarks 55 2.11 References 55 3 Money creation: misconceptions: quantitative easing creates money 56 3.1 Abstract 56 3.2 Introduction 57 3.3 Literature review: media 57 3.4 Literature review: academia and central banks 59 3.5 Does quantitative easing create money? 60 3.6 Quantitative easing creates excess reserves 64 360° thinking . © Deloitte & Touche LLP and affiliated entities. Discover the truth at www.deloitte.ca/careers