Monetary Policy with 100 Percent Reserve Banking: An Exploration
收藏NBER2016-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22431
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资源简介：
We explore monetary policy in a world without fractional reserve banking. In our world, banks are purely transaction institutions. Money is a form of government debt that bears interest, which can be negative as well as positive. Services of money are a factor of production. We show that the
提供机构：
美国国家经济研究局
创建时间：
2016-07-01
