-Keynesian analysis of credit institutions will help us determine new solutions for economic policy aiming at full employment. Following … rather a practical reflection on the optimal economic policies resting on an in-depth understanding of money and credit …

agents in the economy over time and space; they increase the money base through credit creation; they hold fractional … that enables the bank credit manufacturing process. In this way, all the banks become interdependent on the flow of … inter-bank clearing and credit arrangements provide this coordination at the inter-bank level, which is effectuated through …

endogenen Geldtheorie behält die grundlegende Erkenntnis bei, dass die Geldmenge Kredit getrieben ist, aber behebt die … is credit driven but remedies horizontalism's omissions and over-simplifications. Twenty-five years later, horizontalism … diese Arbeit mit einer Neubewertung der endogenen Geldtheorie. Im Text wird zwischen Horizontalisten, Vertikalisten und …