Badarudin, Z.E.; Ariff, M.; Khalid, A.M. - In: Journal of International Money and Finance 33 (2013) C, pp. 146-162
Post-Keynesian theory of money endogeneity emphasizes the importance of bank loans causing money supply changes. Thus, the proponents of endogenous money supply assert banks create money by meeting money demands of economic agents. Money is said to originate as bank-created loans from deposits,...
