Euro-Dollar Creation: A Mystery Story

Name: Euro-Dollar Creation: A Mystery Story
Author: Fritz Machlup

1970

by Fritz Machlup

Balance of PaymentsCentral BankingBankingFederal ReserveLiquidityCredit ExpansionMonetary TheoryMoney SupplyBank of England

Table of Contents · 15 segments

Opening Thesis and Flow/Stock Distinctionsessay

System versus Marketessay

Loans, Money, and Moneynessessay

Credit Creation versus Money Supplyessay

Redepositing and the Federal Funds Analogyessay

Euro-Dollars and Nonmember-Bank Depositsessay

Primary and Derivative Depositsessay

Reserve Ratios and the Limits of Multiplicationessay

The Growing Preference for Euro-Dollarsessay

The Change of Partners and Dollar Round Tripsessay

Central Banks Joining the Actessay

Cash Assets, Loans, and Information Gapsessay

Theoretical Propositions on Euro-Dollar Transactionsessay

Creation of Euro-Dollarsessay

Other Euro-Currenciesessay