Looks as if just before the yachting season BoE economists have allowed themselves another peek beyond the pale of the classic Savings&Loans specs: ... "No existing studies that address the comovement puzzle account for the empirical movements in bank equity and credit spreads (see eg DiCecio (2009); Sterk (2010); Carlstrom and Fuerst (2009); Katayama and Kim (2013); Di Pace … Continue reading BoE nudging mainstreamers toward re-discovery of credit channel ?
Tag: Savings + Loans
The Myth of the Money Multiplier
source http://www.pragcap.com/your-textbooks-lied-to-you-the-money-multiplier-is-a-myth/ Cullen Roche author of : Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance Hardcover 2014 and founder of OrcamGroup which has a lot of good reads on existing monetary systems, ie Money https://orcamgroup.com/understanding-money/ Cullen Roche - 08/12/2010 The following comes from an excellent new paper from the Fed. The paper describes the myth of … Continue reading The Myth of the Money Multiplier