The following is a re-post by the expert on Sovereign Money and a member of the Positive Money's Advisory Panel, Professor Joseph Huber. In this piece, Professor Huber responds to the Bundesbank's recent 'Remarks on a 100% reserve requirement for sight deposits'.
The German Bundesbank has recently released an interesting report on the role of banks, non-banks, and the central bank in the money creation process. We have a few issues with the Bundesbank article; however, the majority of the analysis is good. More importantly, the conclusions drawn from the report by news outlets and the blogosphere are misleading.
Conference on monetary reform hosted jointly by the Icelandic Prime Minister’s Office and KPMG Iceland
On Monday the 5th of September at 8:30AM, the Icelandic Prime Minister’s Office (PMO) and KPMG Iceland will jointly hold the conference “Money Issuance – alternative monetary systems” to mark the publication of a KPMG report, commissioned by the PMO.