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What is Endogenous Money Supply Theories Explained about?

The article discusses the shift from exogenous to endogenous money supply theories, emphasizing that money creation in modern financial systems is driven by the demand for credit rather than pre-existing savings. It highlights the implications of this approach for monetary policy, including the need for central banks to adapt their communication and operational strategies in light of recent economic crises. The authors argue that understanding endogenous money creation can prevent economic policy mistakes a

Author

Phong Hồ

Language

EN