"It is surprising that there is any debate about how banks work: surely it is crucial to an understanding of the drivers of both the …
Search Results for: central banks
A common misconception: Positive Money does not advocate any centralised decision making with regards to loans
In a recent blog post, Richard Murphy makes a number of points about our Sovereign Money proposals. In the post there was a common …
Banks are not intermediaries of loanable funds – and why this matters (Bank of England)
The Bank of England released a new working paper on Friday 29th May 2015 entitled "Banks are not intermediaries of loanable funds – and why …
Charges against Icelandic banks for money counterfeiting
The Homes Association of Iceland, announced the filing of a charge to local police against all executives of all banks in Iceland: The …
Bank Robbery: Banks and the Money Supply
Chapter 1 'If it ain't broke, don't fix it.' Sensible advice, especially when it comes to tinkering with the money supply: with laws about …
European Central Bank’s QE is a missed opportunity (Letter in the Guardian)
"The EU financial sector does not need to be eased, there is plenty of liquidity in the banks. Quantitative easing, as practised by the Bank …
Is it possible to stop banks creating money? Or would shadow banks just take over?
In a recent FT Alphaville article Izabella Kaminska argues that it is ‘naïve’ to attempt to constrain banks’ ability to create money, …
Can we remove state support for banks?
"Just remove state support for banks and let markets hold them to discipline!" -This argument often comes from the Austrian school of …
Plan B – Limit the creation of a Scottish Currency to a Scottish Central Bank
Positive Money's 'A Scottish Currency? 5 Lessons from the Design Flaws in Sterling' highlights the necessity of limiting the creation of a …