Daniel H. Neilson

By this expert

Banks as creators of money

Article | Apr 30, 2012

In conversation recently, I was called upon to defend the claim that banks are in the business of creating and destroying private money.

Liquidity: Not Like Water (part 1 of many)

Article | Mar 4, 2012

Discussion of the results of the ECB’s LTRO2 has revolved around the question of hoarding, specifically whether banks are using the newly-created reserves to fund new lending.

Fed, ECB balance sheet update

Article | Feb 23, 2012

Perry and I extend our apologies for the unplanned hiatus. By way of breaking radio silence, it seems appropriate to check in on our two favorite banks.

Bank or no bank?

Article | Jan 30, 2012

A money view of SDRs