Selected Readings on the Role of Central Banks and Banks in the Creation Process of Money
▸ Tobin (1963): “Commercial banks as creators of ‘money’”
▸ Bank of England (2014): “Money creation in the modern economy“
▸ Werner (2014): “Can banks individually create money out of nothing? – The theories and the empirical evidence” (Twitter)
▸ Werner (2014): “How do banks create money, and why can other firms not do the same? An explanation for the coexistence of lending and deposit-taking” (Twitter)
▸ Werner (2016): “A lost century in economics: Three theories of banking and the conclusive evidence” (Twitter)
▸ Bundesbank (2017): “The role of banks, non-banks and the central bank in the money creation process”
▸ Williams (2017): “How the actual magic money tree works”
▸ Pettifor (2017): The production of money: how to break the power of bankers
▸ Rendahl & Freund (2019): “Banks do not create money out of thin air”
▸ Özden (2020): “Merkez Bankası Politikalarını Yeniden Düşünmek I: Para, Kredi Para ve Merkez Bankası”