TY  - UNPD
A1  - Faure, Salomon
A1  - Gersbach, Hans
T1  - Loanable funds vs money creation in banking: a benchmark result
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 587
N2  - We establish a benchmark result for the relationship between the loanable funds and the money-creation approach to banking. In particular, we show that both processes yield the same allocations when there is no uncertainty and thus no bank default. In such cases, using the much simpler loanable funds approach as a shortcut does not imply any loss of generality.
T3  - CFS working paper series - 587 
KW  - money creation
KW  - bank deposits
KW  - capital regulation
KW  - monetary policy
KW  - loanable funds
Y1  - 2017
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/43736
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-437360
UR  - https://ssrn.com/abstract=3084152
N1  - First Version: November 2016 ; This Version: November 2017
IS  - This Version: November 2017
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -