4 ms·
I'm currently writing a book about modern forms of money, and it so happend that I just read the first paper that is mentioned in this article: > Money Creat
by janandonly 4y ago
I'm currently writing a book about modern forms of money, and it so happend that I just read the first paper that is mentioned in this article:
> Money Creation in the Modern Economy. By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate. Bank of England Quarterly Bulletin. Q1, 2014.
It's a very accessibly written paper, not much "dry theory" at all.
The previous paper of the same team is also a must-read in my opinion.
> https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-in-the-modern-economy-an-introduction
- spiralx 4y agoAlso their paper on money creation specifically: 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-...
- fiat_fandango 4y agoAny way to track your progress of your book / pre-order to support your work? Even with a maths and engineering background it's hard to keep up / know where I need to read to understand what's going on at a macro level with the US FED / monetary policy in general. I've found that reading more usually leads to more productive conversations with my financial advisor. (before folks come out of the wood-work to tell me I'm getting fleeced, the advisor is a family friend - I hold all of my investments with an online broker not the advisor)