Banks Create Money
There is not a lot of depth in this short piece from the
Federal Reserve Bank of Minneapolis, but it does take you
from commodity to bank-debt money:
www.minneapolisfed.org/econed/curric/history.cfm
(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:
www.federalreserveeducation.org/fed101/services/check_intro.htm
And here is another page at the Fed that does the same
thing in a different way:
www.federalreserveeducation.org/fed101/services/checklife/check_sim.htm
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:
www.newyorkfed.org/aboutthefed/fedpoint/fed08.html
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:
www.federalreserve.gov/policy.htm
Here is a fun site from the Federal Reserve that tries to
explain monetary policy with little animations:
www.federalreserveeducation.org/fed101/policy/money.htm
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:
www.newyorkfed.org/aboutthefed/fedpoint/fed27.html
These links were checked on July 5, 2008.
 
Copyright
Robert Schenk
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is this page here?
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