This is an excellent paper by the Bank of England about how money is created in modern economies: http://www.bankofengland.co.uk/publications/Documents/quarter

This is an excellent paper by the Bank of England about how money is created in modern economies: http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf http://www.bankofengland.co.uk/publications/Documents/quarte...