Aradványi, Péter and Szalai, Zoltán (2025) Endogenous Money Supply Theories and Their Main Implications. FINANCIAL AND ECONOMIC REVIEW, 24 (1). pp. 74-100. ISSN 24159271
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Abstract
Contrary to earlier exogenous approaches, it is now accepted, particularly among monetary experts, that the creation and the putting into circulation of money in modern financial systems is an endogenous process. However, there is still a significant delay in drawing a number of conclusions. This article presents what we consider to be the most important implications for the monetary policy toolbox, the implementation of monetary policy and international capital flows. An endogenous money creation approach can help to provide a more solid foundation for analyses and avoid possible economic policy mistakes.
| Item Type: | Article |
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| Uncontrolled Keywords: | interbank market, monetary policy toolkit, endogenous monetary theory, current account, net and gross international capital flows, sterilisation |
| Subjects: | H Social Sciences / társadalomtudományok > HB Economic Theory / közgazdaságtudomány H Social Sciences / társadalomtudományok > HG Finance / pénzügy |
| Depositing User: | Dorottya Cseresnyés |
| Date Deposited: | 03 Apr 2025 07:17 |
| Last Modified: | 03 Apr 2025 07:17 |
| URI: | https://real.mtak.hu/id/eprint/217499 |
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