Modern Money Mechanics
Publisher: Federal Reserve 2008
Number of pages: 50
Description:
The purpose of this booklet is to describe the basic process of money creation in a 'fractional reserve' banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States.
Download or read it online for free here:
Download link
(1.3MB, PDF)
Similar books
Money Market: An Introductionby AP Faure - Bookboon
Money market has traditionally been defined as the market for short-term marketable debt instruments, such as commercial paper and treasury bills. It is more than this. It embraces all short-term lending and borrowing, marketable and non-marketable.
(10157 views)
The Case for Goldby Ron Paul - Ludwig von Mises Institute
The book covers the history of gold in the US, explains that its breakdown was caused by governments, and explains the merit of having sound money: prices reflect market realities, government stays in check, and the people retain their freedom.
(19132 views)
Denationalisation of Moneyby F. A. Hayek - Coronet Books
The author argues that the government monopoly of money must be abolished to stop recurring periods of inflation and deflation. Abolition is also the cure for the recurring waves of unemployment and depression attributed to 'capitalism'.
(15014 views)
The Ethics of Money Productionby Jorg Guido Hulsmann - Ludwig von Mises Institute
This pioneering work is the first full study of a critically important issue today: the ethics of money production. The thesis is that a government monopoly on money production and management has no ethical or economic grounding at all.
(14393 views)