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Found 1 from your keywords: author=Ib Ravn

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Explaining money creation by commercial banks: Five analogies for public educ…

Abstract Educators and economists concerned with monetary reform face the extraordinary challenge of explaining to the public and its elected representatives not only what a reformed system would look like, but also how the current system works. Centrally, the point that in a modern economy money is largely created by commercial banks, as explained by the Bank of England recently (McLeay, …

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