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Money creation in the modern economy — Michael McLeay, Amar Radia, Ryland…
Money creation in the modern economy — Michael McLeay, Amar Radia, Ryland Thomas, Bank of England
Money
Types of Money
Cash — physical notes, a small part of total money supply.
Bank deposits — main form of money, exist on accounts.
Electronic money — digital payments, cards, online accounts.
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Money Creation
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Limits to money creation
Loan demand — if people don’t want loans, money doesn’t grow.
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Importance
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Credit availability — affects ability to buy housing, cars, education.
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