Banks Create Money
A reader recommended this page as having lots of useful links:
A rather old article that has the goldsmith-to-banker story.
(I have not yet found an appropriate entry for this topic.)
This link is the start of a series of pages from the Federal Reserve that show you the birth, life, and death of a check:
And here is another page at the Fed that does the same thing in a different way:
In the process of check clearing, something called "float" appears. Read this piece from the Federal Reserve Bank of New York to learn what it is:
This link to the Federal Reserve brings up a page of links. You need to follow these inks to learn about Federal Reserve monetary policy:
Here is a fun site from the Federal Reserve that tries to explain monetary policy with little animations:
This page from the Federal Reserve Bank of New York explains what is on the balance sheet of the Fed without ever showing you a balance sheet:
A brief statement from the Fed describing its new policy tool of paying interest on required reserve balances and excess reserves:
These links were checked on July 5, 2008.
Copyright Robert Schenk
Why is this page here?