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The Money Supply

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The Creators of Inside Money

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Abstract

The analysis will involve a tripartite system of agents in the form of depositors (which includes households and firms), retail banks and the monetary authorities in determining the money supply process within the economic system. It is the interaction of these economic actors that determines the money supply process in the form a monetary multiplier that supports the real economy.

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References and Further Reading

  • Clower, R. W. (1967). A Reconsideration of the Microfoundations of Monetary Policy. Western Economic Journal (Now Economic Inquiry), 6, 1–9. In R. W. Clower (Ed.) (1969), Monetary Theory: Selecting Readings (pp. 202–211). London: Penguin Books.

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  • Howells, P. (1995). The Demand for Endogenous Money. Journal of Post Keynesian Economics, 18(1), 89–106.

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  • Keiding, H. (2016). Economics of Banking. London: Palgrave Macmillan.

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  • King, R. G., & Plosser, C. I. (1984, June). Money, Credit and Prices in a Real Business Cycle. American Economic Review, 74, 363–380.

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  • McLeay, M., Radia, A., & Thomas, R. (2014). Money Creation in the Modern Economy. Bank of England Quarterly Bulletin, 54(1), 4–13.

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  • Minsky, H. P. (1975). John Maynard Keynes. New York: Macmillan Press Ltd.

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  • Wicksell, K. (1936). Interest and Prices: A Study of the Causes Regulating the Value of Money. London: Published on behalf of the Royal Economic Society, Macmillan.

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Authors and Affiliations

  1. Department of Accounting, Finance and Economics, University of Hertfordshire Business School, Hatfield, UK

    D. Gareth Thomas

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  1. D. Gareth Thomas
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Thomas, D.G. (2018). The Money Supply. In: The Creators of Inside Money. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-90257-9_2

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  • DOI: https://doi.org/10.1007/978-3-319-90257-9_2

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-90256-2

  • Online ISBN: 978-3-319-90257-9

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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