Money: How it is Created and Controlled
This technical note presents a brief explanation of the concept of money and its role in the administration of wealth and resources. Setting out from the balance sheets of central and commercial banks, the processes of money creation and its control through monetary policy are explained. An explanation is also given of the process of money and credit creation by means of the corresponding multiplier.
Collection: IESE (España)
Ref: ASEN-209-E
Format: PDF
Number of pages: 10
Publication Date: Mar 30, 2004
Language: English, Spanish
Review date: Mar 31, 2006
Description
This technical note presents a brief explanation of the concept of money and its role in the administration of wealth and resources. Setting out from the balance sheets of central and commercial banks, the processes of money creation and its control through monetary policy are explained. An explanation is also given of the process of money and credit creation by means of the corresponding multiplier.
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