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No, banks do create money through loans, a bank with zero deposits could still loan out money. https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bull
by spiralx 5y ago
No, banks do create money through loans, a bank with zero deposits could still loan out money.
https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...