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That isn't how Investopedia defines reserve assets: > Reserve assets are financial assets denominated in foreign currencies and held by central banks that are
by civilized 4y ago
That isn't how Investopedia defines reserve assets:
> Reserve assets are financial assets denominated in foreign currencies and held by central banks that are primarily used to balance payments.
https://www.investopedia.com/terms/r/reserve-assets.asp https://www.investopedia.com/terms/r/reserve-assets.asp
The OECD seems to define it consistently with Investopedia: https://stats.oecd.org/glossary/detail.asp?ID=167 https://stats.oecd.org/glossary/detail.asp?ID=167
Could we perhaps have a source for the definition you're using here?
- civilized 4y agoI have made a good-faith effort to substantiate GP's comments and been completely unable to do so. Meanwhile, on Investopedia, the article "How the Federal Reserve Creates Money" directly contradicts GP's claim that the Fed doesn't create money: https://www.investopedia.com/articles/investing/081415/understanding-how-federal-reserve-creates-money.asp https://www.investopedia.com/articles/investing/081415/under... > Printing money is the job of the Federal Reserve, but only figuratively speaking. When the Fed decides to stimulate the economy by pouring more money into the system, it electronically transfers additional credits to the deposits of its member banks. The banks lend that money out to consumers and businesses at a profit, putting the money into general circulation.