Money Creation, Banking, and CBDC
Banks play a dual role in the economy: They grant loans (and trade assets) and simultaneously create deposits which are the main part of money. We investigate how the recognition of this dual role impacts our understanding how banks must be regulated and how well our monetary system functions.
Working Papers
- external page Why Bank Money Creation?
(Hans Gersbach and Sebastian Zelzner) - Download Flexible Majority Rules for Cryptocurrency Issuance
(Hans Gersbach)
- external page Money Creation in Different Architectures
(Salomon Faure and Hans Gersbach) - external page On the Money Creation Approach to Banking
(Salomon Faure and Hans Gersbach)