The Mechanism of Money Creation by Commercial Banks: a K. K. Gattenberger's Approach
Abstract
The paper analyses the original model of money multiplication by commercial banks suggested by the Russian economist K. K. Gattenberger (1844-1893). Theoretical views of this scholar on money and credit have been presented.
Keywords:
money multiplication, Theoretical views
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.