Money & Banking

    Modern macroeconomics and finance have both turned their backs on the study of money and banking but, after 2008, we need new economic thinking about money and banking more than ever. We must rediscover, rework and develop the study of banking and central banking, bringing both into the globalization age.

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    Intra-Financial Lending, Credit, and Capital Formation

    This paper examines the effects of intra-financial lending – claims between financial institutions – on aggregate investment and credit to the non-financial sector in the United States. Read more