In this paper, we analyze the process of money creation in a credit economy. We start from the consideration that the … traditional money multiplier is a poor description of this process and present an alternative and dynamic approach that takes into … network theory and statistical mechanics, we then try to shed some light on the actual process by which money is endogenously …

The originality of this paper is to provide the first analysis of the money multiplier in CEMAC zone. The money and its … evolution is connected to the macroeconomic, monetary and financial situation. We have found that the money supply and the …

included in measures of the money supply. The reason is accounting conventions, which do not permit adding liabilities, such as … credit card balances, to assets, such as money. But economic aggregation theory and index number theory are based on … cards and money. In the transmission mechanism of central bank policy, these results raise potentially fundamental questions …

included in measures of the money supply. The reason is accounting conventions, which do not permit adding liabilities, such as … credit card balances, to assets, such as money. But economic aggregation theory and index number theory are based on … cards and money. The underlying assumption is that credit card services are not weakly separable from the services of …

Since Barnett (1978) derived the user cost price of money, the economic theory of monetary services aggregation has … macroeconomic models often ignore aggregate quantities of money as possible instruments or targets of monetary policy. In the case …. See, e.g., McCallum (2006). Is that because quantities of money are irrelevant to economic activity? To examine the …

While credit cards provide transactions services, credit cards have never been included in measures of the money supply … services of credit cards and money. We provide and evaluate two such aggregate measures having different objectives. We …

included in measures of the money supply. The reason is accounting conventions, which do not permit adding liabilities, such as … credit card balances, to assets, such as money. However, economic aggregation theory and index number theory measure service … cards and money. Carried forward rotating balances are not included in the current period weakly separable block, since they …

included in measures of the money supply. The reason is accounting conventions, which do not permit adding liabilities, such as … credit card balances, to assets, such as money. However, economic aggregation theory and index number theory measure service … aggregation and index number theory needed to measure the joint services of credit cards and money. They derived and applied the …