Endogenous Money Supply Theories and Their Main Implications

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 ar...

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Bibliographic Details
Main Authors: Péter Aradványi, Zoltán Szalai
Format: Article
Language:English
Published: Magyar Nemzeti Bank (Central Bank of Hungary) 2025-03-01
Series:Financial and Economic Review
Subjects:
Online Access:https://hitelintezetiszemle.mnb.hu/sw/static/file/fer-24-1-st4-aradvanyi-szalai.pdf
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