Dow, Sheila - In: European Journal of Economics and Economic Policies: … 17 (2020) 3, pp. 367-380
Following its revival in the 1980s, the idea of endogenous money became increasingly widely accepted. Indeed the 2008 global financial crisis was widely blamed on the untrammelled power of banks to create credit. As a result, among the ideas for reforming the monetary system are proposals...