3 ms·
Yes, that was good. I like this one too - more general, but I think explains visually well where the reserve accounts (with the Fed or other Central Banks) sit
by ljosifov 6y ago
Yes, that was good.
I like this one too - more general, but I think explains visually well where the reserve accounts (with the Fed or other Central Banks) sit relative to the other components of the system.
"The Landscape of Money (Part 1): State money, bank money & plug-in institutions"
https://www.youtube.com/watch?v=mmWOO7r_NMw&t=6m30s https://www.youtube.com/watch?v=mmWOO7r_NMw&t=6m30s
Written texts - "Understanding the Modern Monetary System"
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625
from pragcap.com I found to be a good explainer.